Deals
Which Zoom? Mistaken-Identity Trades Send Tiny Stock Up 70,000%
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Zoom is surging. No, not that Zoom.
Zoom Technologies Inc., a Beijing-based maker of mobile phone components whose shares traded for less than 1 cent each just two months ago, has soared more than 70,000 percent since March 12. The catalyst? Who knows, but confusion spurred by the trading debut of a much bigger company, Zoom Video Communications Inc., is one very plausible explanation.