Jim Cramer: Zoom Stock Has Been 'Horrendous' Since Its Peak

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Zoom Video  (ZM) - Get Report announced that it would be selling around $1.5 billion in new stock. 

The company announced that it would sell around 4.45 million of its Class A common stock through an offering lead by JPMorgan Chase & Co, noting in a Securities & Exchange Commission filing that $1.5 billion proceeds generated from the sale would be used for 'general corporate purposes'. The so-called mixed-shelf filing also includes the prospect of issuing new debt securities. 

Jim Cramer discusses the stock in the video above. 

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