The stock traded as low as 72. (NASDAQ:ZM Get Rating) hit a new 52-week low during mid-day trading on Monday. "Quite clearly, today's RBA decision will stoke speculation that other central banks will begin slowing the pace of hikes," TD Securities analysts said in a note. Shares of Zoom Video Communications, Inc. Still, the softening economic data added to a weaker than expected US manufacturing report on Monday and a slimmer rate hike out of Australia, where the Reserve Bank of Australia surprised markets with a smaller than anticipated interest rate hike, boosting hopes other central banks could follow suit. In our view, the labor market moved from 'extremely tight' to just 'very tight' and the Fed will likely respond by another 0.75% increase in the Fed funds rate next month," said Jeffrey Roach, chief economist for LPL Financial. "We don't expect a change in the Fed's likely actions at the next meeting. The consensus rating for ZM is bullish (as it was back in February) and the consensus 12-month price target is 310.44, 41 above the most recent closing price. But layoffs remained low, signs of a still-tight labor market that could keep the Federal Reserve on its aggressive monetary policy tightening path, as Fed officials insist they have more work to do to rein in inflation. Despite the fall from grace on the stock market, Zoom's business is more robust than ever. The price has been going up and down for this period, and there has been. Since then the share price has stumbled downwards, landing on 149.6 U.S.
During the last trading day the stock fluctuated 3.94 from a day low at 75.36 to a day high of 78.33. The Zoom stock price fell by -2.25 on the last day (Friday, 7th Oct 2022) from 78.35 to 76.59. There were 1.7 job openings for every unemployed person in August, down from two in July. Stronger technical forecast for Zoom stock price after Friday trading.
0 kommentar(er)
