Zoom Stock News

Zoom was pulled down by growth stock sell-off.

Better.com, the embattled online mortgage company, announced Tuesday that it''s taking the "difficult step of streamlining" its operations and laying off about one-third of its workforce, amounting to roughly 3,000 jobs.

The Biden administration is walking a tightrope when it comes to addressing the climbing price of gas in ways that square with the administration’s climate policies . Driving the news: The White House is caught between the need to address the high price of gas, which Tuesday hit a national record , and its ambitious climate agenda. For the short term, this is leading the administration to engage governments it had shunned, such as Venezuela, or criticized, like Saudi Arabia , to secure additional supplies. At the same time, top officials are adamant their policies are not impeding the domestic production of oil and gas, but that the clean energy transition is the only way to truly become energy independent in the long run. Why it matters: Whether the public blames the Biden administration''s energy policies for the high price of gas could have steep political costs for Democrats. Zoom in: The energy industry has been emphasizing the need for policy changes in order to increase the amount of oil and gas drilling at home.

Mainstream adoption of the metaverse could power big gains for both Qualcomm and Zoom.

Cathie Wood -led Ark Investment Management scooped up more shares of social gaming platform Roblox Corp (NYSE: RBLX ) and videoconferencing developer Zoom Video Communications Inc (NASDAQ: ZM ) following a dip on Thursday. The popular money manager bought 506,738 Roblox shares, estimated to be worth $22.9 million based on their last close, boosting its exposure by 10%. Roblox closed 6.6% lower at $45.2 a share on Thursday and is down 54.2% this year. Ark Invest holds shares in Roblox via the Ark Innovation ETF (NYSE: ARKK ) and the Ark Next Generation Internet ETF (NYSE: ARKW ). The two ETFs held 4.35 … Full story available on Benzinga.com

It wasn’t so long ago that Zoom Video (NASDAQ:ZM) was being called the darling of all pandemic stocks, having been perfectly positioned to ride the work-from-home wave that broke in 2020. But like Icarus, Zoom appears to have flown too close to the sun and their shares look like they’re within touching distance of giving […]

Ark''s Wednesday purchases included $12 million of Shopify and $10 million of Zoom. Ark sold a major entertainment provider.

Thursday''s top analyst upgrades and downgrades included Abbott Laboratories, Antero Midstream, C3.ai, Equitrans Midstream, Hewlett Packard Enterprise, iQIYI, Johnson & Johnson, Opendoor Technologies, Rivian Automotive, Salesforce.com, SoFi Technologies, Target, Trade Desk, Vroom, Workhorse, Zscaler and Zoom Video Communications.

Don''t let Zoom''s past success dictate your decision to invest in the company today.

Shares have been in free fall, but it looks cheap by many metrics.

Wolfe Research analyst Alex Zukin cut his rating to Peer Perform from Outperform, reducing his target for the price to $100 from $140.

Wednesday''s top analyst upgrades and downgrades included Allstate, Arista Networks, Comcast, DraftKings, GoodRx, Kroger, Live Nation Entertainment, Luminar Technologies, Snap, Sunstone Hotel Investors, Twitter, Voya Financial, Vroom, Waste Management, Workday, Zoom Video Communications.

The former highflier is experiencing a marked deceleration in its expansion.