DoorDash And Zoom Video Shares Are Moving In Opposite Directions Monday: What's Going On?

DoorDash Inc DASH and Zoom Video Communications Inc ZM shares are moving in different directions Monday morning. Here's a look at what's going on. 

What To Know: After the close on Friday, the Nasdaq announced the results of the annual reconstitution of the Nasdaq-100 Index, which is set to become effective prior to the open on Dec. 18.

DoorDash, CDW Corporation, Coca-Cola Europacific Partners, MongoDB, Roper Technologies and Splunk were all added to the Nasdaq-100. Zoom, Align Technology, eBay, Enphase Energy, Lucid and JD.com were all selected for removal from the index.

The Nasdaq-100 Index is composed of 100 of the largest non-financial companies listed on the Nasdaq. The index is reconstituted once a year in December. 

Check This Out: Lucid, Zoom, eBay Among 6 Companies Ousted From Nasdaq 100 Index: What This Means For The Stocks

DASH, ZM Price Action: At the time of writing, DoorDash shares were up 2.63% at $102.63 and Zoom shares were down 1.88% at $71.68, according to Benzinga Pro.

Photo: 3844328 from Pixabay.