Shares of Zoom Video Communications (NASDAQ:ZM) saw some unusual options activity on Tuesday. Following the unusual option alert, the stock price moved down to $373.13.
Zoom Video Communications (NASDAQ:ZM) shares experienced unusual options activity on Thursday. The stock price moved up to $385.81 following the option alert.
Even with businesses reopening their offices, Zoom Video Communications Inc (NASDAQ: ZM) is poised to benefit from a “future hybrid work state,” in which enterprise IT budgets will continue to prioritize video and cloud communications, according to KeyBanc Capital Markets.
Zoom Video Communications, Inc. (NASDAQ: ZM) shares are trading higher after KeyBanc upgraded the stock from Sector Weight to Overweight and announced a $428 price target.
Earlier this month Zoom Video Communications Inc (NASDAQ: ZM) announced a $14.7-billion takeover of Five9.
On Monday, Bank of America analyst Daniel Bartus named Zoom a top communications stock pick after performing a deep dive on the company.
Zoom Video Communications Inc (NASDAQ: ZM) shares are trading higher Monday morning. Strength is potentially due to Delta variant concerns as well as in anticipation of tech earnings this week. The stock was a major work-from-home play in 2020 amid the COVID-19 pandemic.