Shares of Zoom Video Communications Inc. ZM, +5.12% slid 2.51% to $136.81 Thursday, on what proved to be an all-around poor trading session for the stock market, with the NASDAQ Composite Index COMP, +3.13% falling 1.40% to 13,352.78 and Dow Jones Industrial Average DJIA, +1.65% falling 0.02% to 34,160.78. This was the stock’s third consecutive day of losses. Zoom Video Communications Inc. closed $314.96 below its 52-week high ($451.77), which the company achieved on February 16th.
The stock underperformed when compared to some of its competitors Thursday, as BCE Inc. BCE, +1.11% fell 0.06% to $51.46 and Chunghwa Telecom Co. Ltd. ADR CHT, -1.17% rose 0.60% to $43.52. Trading volume (3.6 M) remained 1.4 million below its 50-day average volume of 5.0 M.