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Zoom Video stock heads for longest losing streak on record

Zoom Video Communications Inc. shares ZM, -4.25% are off 1.6% in Thursday trading, putting the stock on track for its longest losing streak on record, according to Dow Jones Market Data. The stock is down for the seventh day in a row. Zoom and other software stocks have come under pressure in recent days amid a shift toward “reopening” names expected to benefit from an improving economy. Zoom has been one of the biggest winners from the stay-home economy, with its shares up 254% over the past 12 months amid surging interest in videoconferencing software.

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