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Zoom Stock Up By 6% on Friday, is a Correction Coming on Monday?

ViaNews Editorial Team

November 23, 2020

Zoom Stock Up By 6% on Friday, is a Correction Coming on Monday?
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Zoom ended the session on Friday with its shares jumping 6.11% to $439.6. The Nasdaq Stock Market dropped 0.42% to $11855, on what was a negative trend exchanging session. Zoom's last close was $414.29, under its 52-week high of $588.84. Zoom's sales growth is 316.4% for the current quarter and 287.5% for the next. The company's growth estimates for the ongoing quarter and the next is 744.4% and 333.3%, respectively. Year-on-year quarterly revenue growth grew by 355%, now sitting on 1.35B for the twelve trailing months. Zoom's stock is valued at $439.6 at 05:05 EST, way under its 52-week high of $588.84 and way above its 52-week low of $62.02. Zoom's worth is under its 50-day moving average of $478.32 and way higher than its 200-day moving average of $325.63.
ViaNews Editorial Team

Via News Editorial Team delivers comprehensive financial news coverage and market analysis from journalists around the world. Our team specializes in data journalism and in-depth reporting on stock markets, business developments, and economic trends.