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Zoom stock goes full circle, hovers at pre-pandemic levels

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·Markets Reporter
·1 分鐘文章
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Some of the most popular stay-at-home stocks are right back where they started prior to the COVID-19 pandemic.

Investors who held on to shares bought before the pandemic was declared on March 11, 2020, have seen all of the pandemic era stock gains erased by now, or are slightly under water on those investments.

Zoom (ZM)

The video conferencing platform is trading at February 2020 levels, even with Tuesday’s pop after a strong quarter.

Zoom shares closed at an all time high of $559 on October 12, 2020. The stock is down 50% year-to-date.

Peloton (PTON)

The connected fitness maker was trading above $24/share on March 1st 2020, ten days before the pandemic.

Shares closed at an all-time high of $162 on December 20, 2020. In May of this year they reached an all time low of $11.25.

Docusign (DOCU)

Shares of the digital signature app reached a 52-week low of $75 in March of this year.

Investors have to go back to January of 2020 to see these same levels. Docusign reached a pandemic all-time high of $310 in August of 2021.

Teledoc (TDOC)

The telemedicine platform’s stock is currently trading at 2018 levels. Teledoc closed at an all-time high of $293 on February 7 of 2021.

The markets have been on a downward trend this year, with the Nasdaq Composite (^IXIC) down about 29% year-to-date as of Tuesday. Growth stocks have been hit particularly hard amid high inflation and rising interest rates.

Ines is a markets reporter covering equities. Follow her on Twitter at @ines_ferre

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