4/15/2023 0 Comments Why zoom stock is down todayZoom Technologies used to trade on the Nasdaq Capital Market, but delisted itself in 2014 because it “no longer qualifie as an operating company,” among other reasons, according to press release from the time.Īsked for comment, a lawyer listed on SEC filings as a Zoom Technologies representative said his firm no longer represents the company. ![]() As a result, the stock is down after reporting the results. However, the company’s guidance fell short of expectations. The Nasdaq Composite index sank more than 17 percent in that time. Zoom has beaten earnings expectations in nine of the past nine quarters. Zoom Video’s Nasdaq-listed shares, trading under the symbol “ZM,” jumped nearly 29 percent over the past month amid the widespread shift to remote work to close at $138.11 Wednesday. The company also got a boost last April around the time Zoom Video went public. Its share price climbed as high as $24.20 Monday and finished at $10.40 on Wednesday, up from a close of $3.53 a month before. Zoom Technologies stock, listed an over-the-counter market under the symbol “ZOOM,” has exploded in value amid the ticker confusion. ![]() In this strange new world, our screens are proving our salvation Zoom Technologies is a Beijing-based mobile telecom firm with a market value of $31.3 million, while Silicon Valley’s Zoom Video offers a sophisticated video-chat platform and is valued at more than $39 billion. The name is just about all the two companies have in common. Zoom Technologies also hasn’t filed any public disclosures since 2015, leading the SEC to worry about “the adequacy and accuracy of publicly available information” about the company, officials said. The Securities and Exchange Commission said it suspended trading on the Chinese firm until April 9 because of concerns about investors mixing it up with Zoom Video Communications, whose shares have been boosted as the coronavirus pandemic forced people to work from home. The Feds on Thursday clamped down on trading in shares of an obscure, China-based company called Zoom Technologies, concerned that investors have been confusing it with the teleconferencing giant whose stock has surged amid the coronavirus crisis. Over 1,300 New York Times employees pledge not to return to officeįlorida’s 'Mother Teresa' accused of $196 million Ponzi scheme Kardashian charged by SEC over alleged 'pump and dump' crypto scam Freshpet investors howl as top executives quietly work for rival pet-food seller
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