![]() In most cases, that means having patience. Investors know that in order to make money in the stock market, they have to buy at the right price. Here's Chris' strategy for making money on Zoom right now. But that doesn't mean you need to stay away. But that doesn't mean its current share price reflects that.Ĭhris cautions that a stock like Zoom was moved by the highly emotional market we're in today. We certainly think the company has potential and could be one of the big winners as more business is conducted remotely. Not surprisingly, the question most investors might now ask is whether there is still more profit to be made owning Zoom stock. In other words, you could pick some up at the same price it was trading on March 23, when the S&P 500 made its low. Right now, however, shares are down 24.5% from their April 24 intraday peak. Options 101: It's never been easier to learn how to trade options, especially with our free guide from top trading expert Tom Gentile. That's great no matter how you slice it, but it's even better when broader markets are down nearly 20% on the year. In fact, with the stock closing out last year at $68.04 per share, and even though its price was on a roller coaster ever since, its current price near $137.11 represents a 101.5% gain. ![]() Now, we don't want to make light of the COVID-19 pandemic and certainly aren't cheering the reason for Zoom's success, but thousands of investors have made big money owning this stock this year. Money Morning Quantitative Specialist Chris Johnson has your answer. (NASDAQ: ZM).īut does that mean Zoom stock is a good buy right now? Having folks stay at home has been very good to its maker, Zoom Video Communications Inc. Up to 300 million other people worldwide are now using the software, according to CEO Eric Yuan, and that is up 30-fold since December. If you're keeping in touch with friends, relatives, and even work using Zoom, you're in good company. Save my name, email, and website in this browser for the next time I comment. Sign me up for the Money Morning newsletter Your email address will not be published. Or to contact Money Morning Customer Service, click here. Comment on This Story Click here to cancel reply.
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