Shares of Zoom Video Communications Inc.
it advanced 3.86% to $346.50 Thursday, in what proved to be an entirely favorable trading session for the stock market, with the NASDAQ Composite Index
rising 0.78% to 14,020.33 and the Dow Jones Industrial Average
increasing 0.06% to 34,466.24. The stock rally triggered a two-day loss streak. Zoom Video Communications Inc. closed $242.34 down from its 52-week high ($588.84) the company reached on October 19th.
The stock outperformed some of its competitors Thursday, such as BCE Inc.
rose 0.34% to $50.75 and Chunghwa Telecom Co. Ltd’s ADR.
rose 0.43% to $41.58. Turnover (2.8 M) remained 291,901 below its 50-day average volume of 3.1 M.