On the heels of dismal earnings on Tuesday, Zillow Group is getting pummeled on Wall Street. Overnight, the Seattle-based listing giant lost nearly a quarter of its market cap — now $6.3 billion, down from $8.2 billion — as its stock plummeted 20 percent. Shares of Zillow opened today at $32.76 per share, down from yesterday‘s closing price of $40.74 per share. Within hours of the market opening Wednesday, investors were frantically buying and selling […]
source https://therealdeal.com/2018/11/07/poof-zillows-market-cap-drops-2b-amid-stock-sell-off/
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