Zoom Video Communications Inc (NASDAQ: ZM) is an American remote conferencing services company that combines video conferencing, online meetings, chat, and mobile collaboration.
On 29 May’20, ZM gaped up and started to attract unusual volume in the opening minutes. After initial jump, the stock has been consolidating for the entire trading session and exploded again into the session end. The total value of the unusual volume that day was approximately $175m at the average price of $174.
Several weeks later the price of ZM traded as high as $261, or 50% higher.