Why Zoom Video's Stock Is Trading Lower Today
Zoom Video Communications (NASDAQ: ZM) shares are trading lower on Thursday, as traders circulate an article from The Verge citing change in daily users.
The article notes the company changed a blog that claimed it had "more than 300 million daily users" to "300 million daily Zoom meeting participants."
Zoom Video is popular in the virtual communication space and offers a cloud platform for video, audio conferencing, chat and webinars.
Zoom Video shares were trading down 7.47% at $135.54 on Thursday. The stock has a 52-week high of $181.50 and a 52-week low of $60.97.
Related Links:
Zoom Video Falls Despite Q4 Earnings Beat, Strong Guidance
Zoom Uses Oracle's Cloud Computing Services To Handle Demand Surge During Pandemic
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