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

2019-4-23 00:34

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

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stock zoom analyst despite rally monday wall

Источник: ccn.com

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