Zoom Video Stock Pulls Back Before Earnings

Zoom Video Communications will announce its quarterly report after the close on Monday

Laura McCandless

Deputy Editor

Nov 20, 2024 at 2:56 PM

Zoom Video Communications Inc (NASDAQ:ZM) is gearing up for its latest earnings report, due out after the close on Monday, Nov. 25. Zoom Video stock jumped 13% after its most recent report in August, though this was only the third post-earnings pop in the last eight quarters. The options pits are pricing in a 10.9% next-day swing this time around, regardless of direction.

On the charts, ZM pulled back after its recent Nov. 13 two-year high of $87.15, though it's looking to snap that five-day losing streak today. At last glance, the stock was up 0.9% to trade at $78.42. Since the start of the year, the equity has added 9%.

ZM Nov20

Options bulls are blasting ZM leading up to the event. The stock's 50-day call/put volume ratio of 6.00 at the International Securities Exchange (ISE), Cboe Options Exchange (CBOE), and NASDAQ OMX PHLX (PHLX) ranks higher than all other readings from the past year.

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