Zillow (Z) stock fell Wednesday after the market-leading real estate website reported a Q2 per-share loss after the close Tuesday that was bigger than analysts expected. The company blamed that loss in part on higher ad commissions. But the company boosted its outlook for the year, as it hopes to close its acquisition ofTrulia (TRLA) in 2015. Zillow stock was down 1% in midday trading in the stock market today, near 140. Unexpectedly high
Online real estate listings company Trulia solidly beat analysts’ expectations for Q2, but its stock was down Friday pending its acquisition by industry leader Zillow. Trulia (TRLA) stock was down nearly 1.5%, near 60, in afternoon trading on the stock market today. Trulia stock hit an all-time closing high of 65.04 on Monday, the day Seattle-based Zillow (Z) announced that it had agreed to acquire industry No. 2 Trulia in an all-stock deal
Online real estate leader Zillow on Monday confirmed it had reached a deal to buy top rival Trulia, potentially generating savings but worrying real estate agents who fear rising ad costs. Zillow (Z) stock rose to a new high for the third straight day since rumors of the pending acquisition surfaced Thursday. Zillow will buy Trulia (TRLA) in a stock swap originally valued at $3.5 billion. The deal will combine two companies