UPDATE: Zoom shares hit record high
Shares of Zoom Video Communications Inc. (ZM) were up 4%, at a record high of $588.84, in early-afternoon trading on Monday. The live-video platform, which has flourished during the coronavirus pandemic, continues to thrive as a digital vehicle for working and communications amid competition from Microsoft Corp. (MSFT) and Slack Technologies Inc. (WORK). Last week, Zoom adding online events and apps to its services (http://www.marketwatch.com/story/zoom-video-adds-online-events-apps-to-service-11602633013). Zoom shares are up 754% this year, while the S&P 500 index has advanced 7% in 2020. Zoom shares closed at $568.34, up 1.7% on Monday.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
October 19, 2020 16:30 ET (20:30 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.