What happened Shares of Zoom Video Communications (NASDAQ: ZM) climbed 5.1% on Thursday, as the cloud technology company continued to rebound from its recent lows. So what Zoom's stock price fell more than 40% from its highs back in October following promising vaccine data from Moderna and Pfizer. Investors rotated out of so-called stay-at-home stocks and into businesses that stood to benefit from a post-pandemic economic recovery. Shares of Zoom Video Communications rallied on Thursday. Image source: Getty Images. Yet in recent days, investors appear to be rotating back into Zoom. The cloud communications leader's announcement on Tuesday that it had sold 1 million Zoom Phone seats within two years of the product's launch contributed to the gains. Zoom Phone is a key part of the company's strategy to become a unified communications platform, by integrating phone, video, chat, and other cloud-based tools across desktop and mobile devices. Now what Zoom also conducted a public stock offering this week, during which it raised roughly $1.75 billion. It is already a highly profitable company, so its decision to sell stock to raise cash could suggest that it's planning an acquisition. Investors are likely intrigued by the possibilities, as a strong merger partner could help to accelerate Zoom's already impressive growth. Find out why Zoom Video Communications is one of the 10 best stocks to buy now Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.* Tom and David just revealed their ten top stock picks for investors to buy right now. Zoom Video Communications is on the list -- but there are nine others you may be overlooking. Click here to get access to the full list! *Stock Advisor returns as of November 20, 2020 Joe Tenebruso has no position in any of the stocks mentioned. The Motley Fool owns shares of and recommends Zoom Video Communications. The Motley Fool has a disclosure policy.Source