Shares of Zoom Video Communications surged as much as 7% to $181.50 in Friday's trading session after Nasdaq announced Thursday night that the Nasdaq 100 Index would replace Willis Towers Watson with Zoom prior to market open on April 30.

Today's move follows yesterday's 12% surge after the company announced it had surpassed 300 million daily active users, representing a 2,900% increase from December 2019 when the company had 10 million daily active users. The company's video conferencing software has become popular among customers stuck at home during lockdowns due to the coronavirus.

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Zoom stock is up more than 400% since pricing its initial public offering at $36 in April 2019.

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