Zillow Stock Keeps Sinking. Analysts Issue Downgrades After Strategy Shift.

3 years ago 360

Zillow banal conscionable keeps falling aft analysts issued downgrades to the shares pursuing the company’s displacement successful its strategy distant from homebuying and selling.

Zillow‘s Class-A shares (ticker: ZG), which transportation voting rights, were down 18% successful premarket trading Wednesday, portion Zillow‘s Class-C shares (Z) were likewise down. The Class-A shares fell 11.5% Tuesday and person dropped astir 20% from Friday’s closing price; the Class-C shares person fallen successful parallel.

The...

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