Technology

Zoom and other ‘stay-at-home’ stocks got crushed on the positive vaccine news

Zoom and other ‘stay-at-home’ stocks got crushed on the positive vaccine news

Shares of Zoom Video fell sharply Monday as names benefitting from people staying at home due to the coronavirus pandemic lost their appeal following the release of positive coronavirus vaccine data. Zoom Video closed 17.4% lower. Fellow “stay-at-home” stocks Amazon and Netflix dropped 5.1% and 8.6%, respectively. Teladoc Health slid 13.7% and Shopify declined by 13.6%.

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