1125 N. Charles St, Baltimore, MD 21201. Want to know a company that is even more expensive? Its stock rallied to a four-month high in April but has since fallen about 14 per cent. But for a brief time, it caused even bigger spikes in the shares of Zoom Technologies, a Beijing-based company with few operations to speak of. It will join three other publicly traded companies globally whose names begin with Zoom, the most well-known of which is the maker of video-conferencing software that has become a household name during the coronavirus pandemic. Things were quieter until the coronavirus started to spread rapidly across the US this spring, sparking a surge in Zoom video chats and sending shares of its doppelganger up more than 10-fold. The similar names had caused confusion, leading some investors to purchase shares in the wrong … 'I went to rock bottom': how Lebanon’s middle class lost everything in a few months, Banksy confirms new hula hooping girl mural is his, Dubai relaunches bus routes to Global Village ahead of big opening, Donald Trump asks: ‘What if I lose?’ amid poor polling and chaotic campaign, ‘Can I sue my employer for early termination of my work contract?’, Pandemic spurs splurge on luxury watches and handbags, Wizz Air Abu Dhabi completes final step in regulatory process, How exoskeleton suits are turning car factory workers into human robots.
Basically, investors wanting to take out shares in Zoome Technologies have been accidentally purchasing shares of ZM stock. Copyright © 2020 InvestorPlace Media, LLC. 1125 N. Charles St, Baltimore, MD 21201.
For more articles like this, please visit us at bloomberg.com The surging popularity of Zoom Video, used daily by millions of people for remote face-to-face interactions, has fueled a three-fold rally in its stock this year. For your security, we need to re-authenticate you. LARYSTAMANAGEMENT OU. A lot, it turns out, when it comes to the stock market—or rather, a stock ticker. The similar names had caused confusion, leading some investors to purchase shares in the wrong company, while Zoom Video in San Jose, Calif., has been attracting users during the coronavirus pandemic. According to the SEC, the suspended Zoom "is a Delaware corporation that reported in 2014 having its principal executive offices in Beijing, China. Click the link we sent to , or click here to log in.
All rights reserved. That stock traded under the symbol ZOOM and had been moribund for years before Zoom Video’s IPO in April 2019 helped revive it. I’ve been a big fan of Zoom since I started using their service last year.
Ericksen, corporate partner at Baker Botts, in an interview. It is a defunct Chinese company that hasn’t filed financials since 2015. There aren’t many shares available, but there are some. And since the outbreak of Covid-19, everyone has been relying a lot more on the company. Thanks to the ticker confusion, shares of ZOOM have shot through the roof. Thanks to the ticker confusion, shares of ZOOM have shot through the roof. Ticker Confusion Leads to Opportunity to Short ZOOM (not ZM) I’ve been a big fan of Zoom since I started using their service last year. According to the SEC, the suspended �ZOOM is a Delaware corporation that reported in 2014 having its principal executive offices in Beijing, China.
Zoom Video Communications … The regulator cited concerns about ticker confusion and a lack of public disclosures since 2015. by Both Zoom Video Communications (NASDAQ:ZM) and Zoom Technologies (OTCMKTS:ZOOM) are on the move Friday following Zoom stock confusion. It’s worth noting that this isn’t the first time that investors have mixed up ZM stock and ZOOM stock. Unsolicited customer quotations for its common stock are quoted by broker-dealers on OTC Link operated by OTC Markets Group, Inc.". A similar mistake was made when Zoom Video Communications held its IPO. The regulator cited concerns about ticker confusion and a lack of public disclosures since 2015. “I think it’s just going to be left to ‘buyer beware,’” Mr Ericksen said. It’s no surprise that the stock has gone parabolic.
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