Why Zillow Group Stock Is Trading Higher Wednesday
Portfolio Pulse from Dylan Berman
Zillow Group, Inc. (NASDAQ:Z) shares surged 13.8% on Wednesday following an SEC filing revealing that director Jay Hoag purchased approximately 2.34 million shares at an average price of $43.76 each, totaling around $99.97 million.
June 12, 2024 | 5:17 pm
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Zillow Group shares rose 13.8% after director Jay Hoag bought 2.34 million shares at an average price of $43.76, totaling nearly $100 million.
The significant insider purchase by a director is a strong positive signal to the market, indicating confidence in the company's future prospects. This has led to a notable increase in the stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100