|We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.|
Zillow, Inc. operates an online real estate information marketplace. The company has an online presence: zillow.com and provides information about real estate listings
It IPO'd a week or so ago for $20 but it went as high as $60 but now trades in the $30's. If you were unlucky to get it for $60 do you think it has a chance to get back up there again?
the company has yet to turn a profit.
Its also got competitors. The last house I bought, I used erealty.com which doesn't exist anymore and I now currently use a mix of redfin.com and zillow. But when I tour, I use redfin because its much more convenient. and I'll probably buy my next through redfin.
The volume has also dropped significantly. On opening day (july 20, 2011) ~6 million shares traded. The next day a mere 1M changed hands. The next day it was down to roughly 3.7K shares changing hands. It appears to have now settled at about 300k shares a day, but it is probably too early to tell for certain. It's only been trading 7 days so far on the open market.
Where do you think Zillows going to go?
|© 2023 Knight Sac Media. Data provided by IEX, Alpha Vantage, Coinbase, Binance, Fintel and CityFALCON News|