Zoom Video Stock (ZM): Why The Price Increased Today

By Amit Chowdhry ● Dec 20, 2021
  • The stock price of Zoom Video Communications Inc (NASDAQ: ZM) increased by over 1.6% pre-market today. This is why it happened.

The stock price of Zoom Video Communications Inc (NASDAQ: ZM) increased by over 1.6% pre-market today. Zoom is one of the few tech stocks that is seeing an increase in price pre-market today.

Investors are responding to concerns about the omicron variant of COVID-19 spreading rapidly around the world. And due to surging COVID-19 cases, the demand for Zoom’s communications solutions could see an uptick over the next few weeks.

Zoom is known for seeing rapid growth throughout the pandemic. And millions of schools, businesses, and consumers heavily depend on Zoom for conducting meetings.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.