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0 0 0 -0.00365817968978636 -0.00204858062628037 -0.00175592625109752 0.00160959906350599 0.00175592625109752
Stock impact report

Why Offerpad (OPAD) Shares Are Getting Obliterated Today [Yahoo! Finance]

Zillow Group, Inc. - Class C Capital Stock (Z) 
Last zillow group, inc. - class c capital stock earnings: 8/6 04:06 pm Check Earnings Report
US:NASDAQ Investor Relations: investors.zillowgroup.com
Company Research Source: Yahoo! Finance
real estate sector increased as Google started testing full home ads in its search results. The move by the tech giant signaled a deeper push into the home listings business, creating a potential threat for existing real estate sites. This news sent ripples across the industry, with shares of Zillow Group, a leading real estate website, tumbling over 10%. The concerns were not isolated, as other companies with home listing platforms, such as CoStar and Rocket Companies, also saw their stocks lose ground. Offerpad's drop was part of this broader sector-wide sell-off as investors reacted to the prospect of a powerful new competitor entering the market. The shares closed the day at $1.57, down 11.3% from previous close. The stock market overreacts to news, and big price drops can present good opportunties to buy high-quality stocks. Is now the time to buy Offerpad? Access our full analysis report here Offerpad's shares are extremely volatile and have had 97 moves greater than 5% ov Show less Read more
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