Why Zoom Stock Jumped Today

Why Zoom Stock Jumped Today

Shares of Zoom Video Communications (NASDAQ: ZM) climbed 5.1% on Thursday, as the cloud technology company continued to rebound from its recent lows. Zoom Phone is a key part of the company's strategy to become a unified communications platform, by integrating phone, video, chat, and other cloud-based tools across desktop and mobile devices. Zoom also conducted a public stock offering this week, during which it raised roughly $1.75 billion.