Zoom, Cardinal Health and Abbvie lead the market today
The stock market is still feeling the effect of the coronavirus on the economy but Zoon Video Inc, Cardinal health, and Abbvie are soaring in today’s market report.
Coronavirus caught the world unprepared and the whole world felt it with a sudden devalue of the stock market as a result of the economy shutdown. As the virus spreads, nation leaders are forced to ask businesses to close until things are safe again. While some businesses are shutting down others are seeing signs that they could survive during the storm.
These companies are
- Abbvie inc
- Cardinal health
- Zoom video Inc
Abbvie (ABBV) a healthcare stock, a biopharmaceutical company that was spun-off from Abbott Laboratories. The company has become an essential company helping to research mediations that may cure coronavirus. Also, since more people are hospitalized at this time, Abbvie is seeing more businesses. The company’s stock fell from $94.00 to $68.00 during the unset of the pandemic but it picked back up later, it’s now trading at $88.26 per share. Abbv stock was up 5% today.
Cardinal Health (CAH) is another healthcare industry stocks. The company is a multinational health care service entity and it the 14th highest revenue generating company in the united states. They manufacture hospital supplies among the things. Cardinal health stocks also fell when coronavirus started to spread very fast, the stock fell from $59.72 down to around $43.33, but it's also back up to $53.24 per share. The stock was up close to 7% percent today.
Next, Zoom Video Communications (ZM), an online video conference platform has seen a surge in service demand since many companies began to allow their staff to work from home. Zoom was trading around $88 when the report of how fatal coronavirus can begin spreading around. Many companies and individuals began using Zoom's services and their stock price continues to soar. Zoom is now trading at $166.44 per share as of today’s close. it was up over 11 % today.
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