Zoom (ZM) is now trading below the price it was at almost 2 years ago when it was announced that it would join the Nasdaq-100 index

The announcement was made on April 23 where ZM closed at a price of $169 a share.

Company revenue has tripled since then Macrotrends.

Last Friday the stock closed at $147.66 a share.

Do you think this is an overreaction by the market, or are the future prospects of the company and expected rate hikes bad enough to justify the drop despite solid earnings?