Zillow Group Inc. (Z) Moves Higher on Volume Spike for May 24

Equities Staff  |

Zillow Group Inc. (Z) traded on unusually high volume on May. 24, as the stock gained 2.64% to close at $56.00. On the day, Zillow Group Inc. saw 4.42 million shares trade hands on 31,116 trades. Considering that the stock averages only a daily volume of 2.69 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $59.99 and $37.68 over the last 52-weeks, its 50-day SMA is now $52.69, and its 200-day SMA $45.06. Zillow Group Inc. has a P/B ratio of 3.91.

Zillow Group Inc provides real estate and home-related information marketplaces on mobile and web-based platforms. It helps customers on each stage of the home lifecycle such as renting, buying, selling, financing, and home improvement.

Headquartered in Seattle, WA, Zillow Group Inc. has 3,181 employees and is currently under the leadership of CEO Spencer M. Rascoff.

For a complete fundamental analysis analysis of Zillow Group Inc., check out Equities.com’s Stock Valuation Analysis report for Z.

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To get more information on Zillow Group Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: Z’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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