$ZOOM Shares Double as Investors Mistakenly Bet on Company
John Parsons
Updated on March 16, 2026
Shares of Zoom Technologies Inc., a Beijing-based maker of mobile phone components with a market value of just $18 million, have more than doubled this week as investors bet on companies that could benefit if coronavirus fears push people to stay at home.
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There’s just one problem — its ticker is ZOOM, but investors may be thinking of California-based Zoom Video Communications, known for its online video-conferencing platform that could help people work and study from home. That company’s ticker is ZM, and its shares have risen about 11% this week amid widespread market turmoil.
It’s not the first time the wrong Zoom has surged, with Zoom Technologies shares soaring after Zoom Video’s IPO last year.
Looks like $ZOOM is spiking on hype about $ZM (the video conferencing company). This also happened around the time of the $ZM IPO.
— Ankit Panda (@nktpnd) February 27, 2020
