Zoom Video Communications Stock Has More Than Doubled the Performance of the S&P 500 Over the Last Year. Is It the Beginning of a Long-Term Comeback?
If you bought shares of communications platform Zoom Video Communications (NASDAQ: ZM) in 2020, I'm sorry for your poor returns. The stock is down a whopping 86% from the heights it reached in the early days of the COVID-19 pandemic.That said, if you bought shares of Zoom a year ago, congratulations: You've more than doubled the performance of the S&P 500. As of this writing, Zoom stock is up a nice 27% over the last year, compared to just an 11% return for the market.Image source: Getty Images.Continue reading
If you bought shares of communications platform Zoom Video Communications (NASDAQ: ZM) in 2020, I'm sorry for your poor returns. The stock is down a whopping 86% from the heights it reached in the early days of the COVID-19 pandemic.
That said, if you bought shares of Zoom a year ago, congratulations: You've more than doubled the performance of the S&P 500. As of this writing, Zoom stock is up a nice 27% over the last year, compared to just an 11% return for the market.
Image source: Getty Images.
