Published on 24 Sep 2021 on Market Watch
Shares of Zoom Video Communications Inc. shed 1.39% to $272.36 Friday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average rising 0.10% to 34,798.00 and the NASDAQ Composite Index falling 0.03% to 15,047.70. This was the stock's fifth consecutive day of losses. Zoom Video Communications Inc. closed $316.48 short of its 52-week high ($588.84), which the company achieved on October 19th.
The stock underperformed when compared to some of its competitors Friday, as BCE Inc. fell 0.20% to $51.13 and Chunghwa Telecom Co. Ltd. ADR rose 0.20% to $40.12. Trading volume (4.0 M) remained 486,641 below its 50-day average volume of 4.5 M.