Market Overview

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, 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.

Related Links:

Zillow Reports Q1 Sales Beat

MGM To Sell Las Vegas Resorts To Joint Venture In $4.6B Deal


Related Articles (ZG)

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