“Zoom shares drop following Tuesday’s 40% surge”
September 2, 2020
“Shares of Zoom dropped around 7% Wednesday morning, as investors likely took their profits from Tuesday’s stock surge.
The videoconferencing software company’s stock soared 41% on Tuesday after it reported fiscal second-quarter earnings that were better than analysts had expected and raised its full-year guidance. The company reported that its revenue more than quadrupled during the quarter.
The company, which went public in April 2019, is still has a market cap of about $118 billion. It was worth $25 billion a year ago…”
https://www.cnbc.com/2020/09/02/zoom-shares-drop-following-tuesdays-40percent-surge.html
After a spike that great a decline should be expected.