This stock has scored the biggest boost from the coronavirus outbreak — but the company has been out of business for years

To call it a case of mistaken identity might be underselling it, but shares of Zoom Technologies have been practically, er, zooming higher amid the recent buoyancy in the popular videoconferencing company Zoom Video Communications which went public back last year to much fanfare.

Read: Coronavirus update: 82,549 cases, 2,810 deaths, 1 possible case of spread in the U.S., Trump administration response under scrutiny So, how has Zoom Tech fared? The company is up nearly 48% on Thursday and is on pace for a weekly gain of 123%. It’s return so far this year would be a stunning 495%.Perhaps, adding to the confusion, Zoom Technologies’ profile information on data provider FactSet, which describes the entity as a holding company that plans to invest in mobile and telecommunications businesses, links to Zoom Video’s web site.Attempts to reach representatives for Zoom Technologies haven’t been successful.

The OTC spokeswoman said that the exchange doesn’t keep information on companies that trade in its “caveat emptor” tier, including market values, trading volume and even general contact information.

ایران آخرین اخبار, ایران سرفصلها

Similar News:همچنین می توانید اخبار مشابهی را که از منابع خبری دیگر جمع آوری کرده ایم، بخوانید.

Volatile Stocks Crater, Partly Recover: Goldman Sees Coronavirus Erasing Company Profit Growth This YearStocks took another major hit Thursday but clawed back some losses in crazy trading as a big investment bank predicted profit growth would be all but wiped out this year by the coronavirus and a re…
منبع: DEADLINE - 🏆 109. / 63 ادامه مطلب »