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Why did zoom stock drop today – none:. Why Zoom Stock Was Zooming on Wednesday

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Why did zoom stock drop today – none:. Zoom Stock Extends Fall Amid Fears Growth Could Be Worse Than Advertised

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Zoom Video Communications Inc. continued its streak of delivering better-than-expected earnings, but the company’s stock plunged amid. Non-GAAP net income for the first quarter was $ million, after adjusting for stock-based compensation expense and related payroll. Zoom shares fell more than 15% in pre-market trading Tuesday, tanking the company’s market capitalization to about $86 billion and wiping out.
 
 

 

Why did zoom stock drop today – none:. Why Zoom Shares Are Falling

 

Shares of Zoom found themselves under strong pressure after the company released its third-quarter results. The company has also provided guidance for Q4 fiscal year and full fiscal year This means that Zoom stock remains expensive even after the massive pullback from historic highs.

Current analyst consensus implies no growth on the earnings side, which is bearish for a growth stock which is trading at a rich valuation. While the company tries to position itself for a hybrid work model in the post-pandemic work, it is not clear whether the market will be patient in case the company does not show material growth in the upcoming quarters.

At this point, it looks that the risks of additional multiple compression remain elevated. In the near term, the stock may find some buyers as its RSI is close to the extremely overbought territory. In the longer-term, the company needs to come up with positive catalysts or its stock will remain under pressure. This article was originally posted on FX Empire.

Stock splits typically have led to oversized returns, says Bank of America. Look beyond the popular growth stocks. A healthy stream of income awaits. It’s certainly understandable; getting more shares of your favorite company can bring a smile to the faces of even the most stoic among us.

It’s also true that companies that announce their intentions to split their stock tend to see their share prices run up as the split date approaches.

All this buying can drive share prices up, bringing in more momentum traders and adding fuel to the fire. Europe, where Tesla has just opened a production site, is an important market for the electric vehicle manufacturer and its CEO. Energy prices are soaring. But bargain-hunter Buffett continues to bet on big oil.

Stocks fell last week, but was it constructive? Tesla tumbled on Elon Musk’s “super bad” warning. Apple WWDC is due. Saving for a financially secure retirement is a long-term project with a sometimes indistinct final objective, especially when people are just starting in their careers. Using technical analysis of the charts of those stocks, and, when appropriate, recent actions and grades from TheStreet’s Quant Ratings, , we zero in on three names.

While we will not be weighing in with fundamental analysis, we hope this piece will give investors interested in stocks on the way down a good starting point to do further homework on the names. Snap Inc. The metaverse offers added opportunities for a variety of tech stocks. Although big drops in the stock market can be unnerving and tug on investors’ emotions, they’re also, historically, an excellent time to put your money to work. Corrections and bear markets tend to run their course relatively quickly, and all notable declines throughout history have eventually been erased by a bull market rally.

If you’re approaching retirement age, chances are you need to brush up on your Social Security knowledge. A recent MassMutual poll found that most people nearing retirement age don’t know the ins and outs of this vital safety net program. As the world faces war, an ongoing public health crisis, and social injustice, corporate executives have found themselves facing questions from their own employees about whether or not they plan to take a stand.

A decent dividend plus a bargain price adds up to an incredible opportunity for investors to consider. From buying groceries to gasoline to automobiles, inflation has hammered Americans’ purchasing power. In fact, the most well-known metric of inflation has soared to a four-decade high. B owns, they probably think of value-focused investing. If oil keeps rising, it would be great news for energy stocks—and oil exploration stocks in particular.

Dow 30 32, Nasdaq 12, Russell 1, Crude Oil Gold 1, Silver CMC Crypto FTSE 7, Nikkei 27, Read full article. More content below. Vladimir Zernov. In this article:. Zoom Stock Falls On Growth Concerns Shares of Zoom found themselves under strong pressure after the company released its third-quarter results. Story continues.

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