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Zoom Video Communications Inc. stock falls Wednesday, underperforms market

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Terrence Horan

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Shares of Zoom Video Communications Inc. ZM, -1.39% shed 0.82% to $279.12 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the NASDAQ Composite Index COMP, -0.03% rising 0.82% to 15,161.53 and the Dow Jones Industrial Average DJIA, +0.10% rising 0.68% to 34,814.39. This was the stock's third consecutive day of losses. Zoom Video Communications Inc. closed $309.72 below its 52-week high ($588.84), which the company reached on October 19th.

The stock underperformed when compared to some of its competitors Wednesday, as BCE Inc. BCE, -0.20% rose 0.06% to $51.33 and Chunghwa Telecom Co. Ltd. ADR CHT, +0.20% rose 0.40% to $40.10. Trading volume (4.6 M) eclipsed its 50-day average volume of 4.2 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.