Home Blockchain News Red Hot Zoom Stock Extends Explosive Rally Despite Analyst’s Warning

Red Hot Zoom Stock Extends Explosive Rally Despite Analyst’s Warning

by Rss Feed from web
142 views
cryptocurrency news feed

By CCN: Despite experiencing its first bearish pause early Monday, Zoom’s stock rebounded and continued the rally. The stock initially dipped 2.8% Monday after spiking more than 72% on Thursday in Zoom’s Nasdaq debut. It’s clear Zoom’s stock remains widely in demand, driven by a combination of unusual profitability and proximity to similarly high-profile tech IPOs such as Pinterest and Lyft. At least one Wall Street analyst, however, believes it’s only a matter of time before investors cool to Zoom’s stock. Following the slight decline, Zoom’s stock immediately pared the losses, regaining upward momentum. Wall Street continues its unexpected love

The post Red Hot Zoom Stock Extends Explosive Rally Despite Analyst’s Warning appeared first on CCN

Click To Read Full Article

* First published on ccn.com

Related Posts

Leave a Comment