Why Zillow's Stock Is Trading Lower Today
Zillow Group (NASDAQ: ZG) shares are trading lower on Wednesday.
The company has priced public offerings of $384 million of Class C capital stock and $500 million of 2.75% convertible senior notes due 2025.
Zillow Group is an Internet-based real estate company that has focused on deriving ad revenue from third-party brokers on online marketplaces such as Zillow.com, Trulia, and HotPads. More recently it has shifted its focus to iBuying via the Zillow Offers platform.
Zillow shares were trading down 4.16% at $46.50 on Wednesday. The stock has a 52-week high of $66.96 and a 52-week low of $18.65.
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