Zillow: Butchered, Undervalued, And Poised To Bounce Back [Seeking Alpha]
RIGHTMOVE PLC UNSP/ADR (RTMVY)
NASDAQ:AMEX Investor Relations:
plc.rightmove.co.uk/investors
Company Research
Source: Seeking Alpha
hapabapa/iStock Editorial via Getty ImagesZillow Group, Inc. (NASDAQ:usemillion in Q1. The company’s stock price has been butchered, falling 80% from all time highs of ~$202 in February 2021.This decline was driven by a few factors (interest rates, housing cycle), but the most damaging was the company’s decision to wind down their Zillow Offers business, after their models failed to predict housing prices. This was a bloody and red-faced moment for Zillow, as they slashed their workforce by 25% and wrote down ~$300 million. In the words of their veteran tech founder & CEO Rich Barton “We swung for the fences and missed.”The good news for Zillow is that, by Q421, they had already reached an agreement to sell 50% of the homes, and the wind down is progressing faster than expected. The company now has a prime opportunity to refocus the business on a capital-light, pure online business model. They plan to attack the $300B real estate transaction market, as only ~3% of transactions are cur
Show less
Read more
Impact Snapshot
Event Time:
RTMVY
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
RTMVY alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
RTMVY alerts
High impacting RIGHTMOVE PLC UNSP/ADR news events
Weekly update
A roundup of the hottest topics