Zoom IPO: Stupid Investors Made Unrelated Stock Surge 54,000%
By CCN: The Zoom IPO was a resounding success, as the videoconferencing giant’s stock soared 72% after its stock market debut. But investors in a different company called ZOOM Technologies raked in much more moolah in what seems like a classic case of mistaken identity. You Wish You’d Invested in the Wrong Zoom Stock A month ago, shares of ZOOM Technologies (whose ticker is “ZOOM”) were trading at $0.005 – far less than even their “penny stock” designation. They closed at $2.70 a share on April 18, a massive jump of 53,900% as the euphoria from the Zoom IPO spilled
The post Zoom IPO: Stupid Investors Made Unrelated Stock Surge 54,000% appeared first on CCN