Mamul.am
Full version
USD 486.73, EUR 549.62, RUB 6.84, GBP 613.77
+18 °C, +18 °C ... +28 °C Tomorrow:+28 °C
Hay / Հայ | Рус | Eng | Tür
#Zoom video jumps to record with market cap now above $50 billion
21:45, 01.06.2020

Zoom Video Communications Inc. soared to a record on Friday with a rally in the last hour of trading helping the company close with a market value above $50 billion for the first time.The maker of video conferencing software rose 9.7% to $179.48, giving it a market value of $50.6 billion, bigger than tractor maker Deere & Co. and pharmaceutical company Biogen Inc. While there was no clear reason for the steep rise, technology stocks were the best performing group in the S&P 500 Index, and investors may be positioning ahead of Zoom’s earnings report expected on Tuesday.

Share with friends
| |
to top