Zillow Group suffers weak session with 2.24% loss; downside halted at $40.23

Published: March 19 2023, 17:01 GMT+0

Zillow Group suffers weak session with 2.24% loss; downside halted at $40.23

Friday at a glance: during Friday's session, Zillow Group, Inc. toiled and struggled for upward momentum before closing at $40.6. By the close, the the tech real-estate marketplace suffered a 93 cents or 2.24% loss.

  • Trading volume totalled 2.66 million which equates to around 75% of the stock's 21-day average Friday.

With investors awaiting market open in 20 hours, Friday's session was noteworthy in that Nasdaq fell 0.74% and reached 11,631. Zillow Group ended the day at $40.6, doing worse than the Communication Services sector which saw a 0.216% increase this session.

The internet services company has recovered 54% since descending to a significant low of $26.97 around 5 months ago. The Nasdaq has been doing worse in 2022, it has been passing it by 11.78%. Zillow Group is currently trading with a market cap of $9.47 billion with an average daily trading volume of 3.55 million shares. Zillow Group last reported revenue of $466 million with an EPS of -25 cents.

Zillow Group was not the only decliner in the communication services sector; Meta Platforms went down to $195.61, losing 4.55% after it closed at $204.93 Friday. AT&T went down to $18.13, losing 1.41% after it closed at $18.39 Friday.

On the other hand, positive performances could be seen by looking at other communication services stocks as Alphabet was up 1.38%.