Why Zillow Stock Skyrocketed This Week [Yahoo! Finance]
Zillow Group, Inc. - Class C Capital Stock (Z)
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm
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Source: Yahoo! Finance
The news this week from the Federal Reserve has sent Zillow (NASDAQ: Z) (NASDAQ: ZG) shares sharply higher . According to data provided by S&P Global Market Intelligence , the real estate tech company's shares jumped by as much as 14.8% this week and were up by 12.7% for the week as of 10:30 a.m. ET Friday. Interest rates and the housing market The Fed cut the federal funds rate -- its benchmark short-term interest rate -- by 50 basis points (0.5 percentage points) at its meeting this week, and many economists are anticipating more cuts this year. If the Fed acts as expected, it could meaningfully lower borrowing costs for homebuyers. While that was the market's thought this week, the reality may be more complex. Though the 10-year U.S. Treasury rate, which is a benchmark for mortgages, has fallen from 4.3% to 3.7% over the past three months, it rose slightly over the past week. That's because investors are worried that the Fed's rate cut indicates a weak U.S. economy. How Zi
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News
- Why Zillow Stock Popped 23% This Week [Yahoo! Finance]Yahoo! Finance
- Zillow Q3 Earnings Beat Estimates on Solid Growth in Several Verticals [Yahoo! Finance]Yahoo! Finance
- Zillow Group CEO on earnings: We're outgrowing the category despite the challenging housing market [CNBC]CNBC
- Zillow Group, Inc. (NASDAQ: Z) had its "hold" rating re-affirmed by analysts at Needham & Company LLC.MarketBeat
- Zillow Stock Jumps on Third-Quarter Revenue Growth, Narrower Loss [Yahoo! Finance]Yahoo! Finance
Z
Earnings
- 11/6/24 - Beat