Zoom surges as much as 7% to all-time highs following inclusion in Nasdaq 100 Index
- Shares of
ZoomVideo Communications surged as much as 7% in Friday's trading session to new all-time highs after it was announced that the company would be included in the Nasdaq 100 Index on April 30.
- The company has seen its daily user base surge 2,900% since the
- Shares of Zoom have risen more than 400% since pricing its IPO at $36 per share in 2019.
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Shares of Zoom Video Communications surged as much as 7% to $181.50 in Friday's trading session after Nasdaq announced Thursday night that the Nasdaq 100 Index would replace Willis Towers Watson with Zoom prior to market open on April 30.
Today's move follows yesterday's 12% surge after the company announced it had surpassed 300 million daily active users, representing a 2,900% increase from December 2019 when the company had 10 million daily active users. The company's video conferencing software has become popular among customers stuck at home during lockdowns due to the coronavirus.Read more: The CIO overseeing $270 billion at Guggenheim says stocks will plunge another 27% from current levels — but lays out a series of recommendations for bargain-hungry investors
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