The Limited Times

Now you can see non-English news...

Zoom share collapses by 12.5 percent, hope for vaccine

2020-11-10T06:11:55.375Z


Hopes for a vaccine soon give the world stock markets a boost. Crisis winners like Zoom, Delivery Hero or Hellofresh suffer severe slumps.


Icon: enlarge

Zoom boss Eric Yuan

Photo: Carlo Allegri / REUTERS

It was the news that many had eagerly awaited: The pharmaceutical companies Biontech and Pfizer raised hopes on Monday that there could soon be a vaccine that offers some protection against Covid-19.

Stock exchange prices in Frankfurt am Main, London, Paris and Milan shot up as a result.

The previous crisis winners, however, had to cope with some severe price falls.

Shares in the video service Zoom, through which many people organized their social and business lives during the lockdowns, suffered losses of around 12.5 percent - but are still at a very high level. Since March the price of the company has been around 500 percent at times shot up.

The shares of the Dax-listed food delivery service Delivery Hero fell by more than 5 percent.

For 2020, however, there is still an increase of around 50 percent on the list.

For the papers of the shop pharmacy (-19 percent), the cooker box seller Hellofresh (-15 percent) and the online fashion retailer Zalando (-9.6 percent) there was a double-digit decline.

The shares of the biotech company Qiagen (-10 percent), which benefits greatly from the corona test business, also suffered high losses.

Drägerwerk papers also lost ground.

The company produces ventilators and breathing masks, among other things.

Teamviewer papers also fell.

The software company does business with remote maintenance and video conferencing software.

Icon: The mirror

ssu

Source: spiegel

All business articles on 2020-11-10

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.