Why Zillow Stock Popped 23% This Week
Shares of Zillow Group (NASDAQ: Z) (NASDAQ: ZG), the online real estate platform, rose sharply this week after the company reported better-than-expected third-quarter results (which ended Sept. 30).
Zillow's share price was up by 23%, as of this writing, adding to the company's phenomenal gains of 94% over the past 12 months.
The housing market has been stymied recently thanks to high mortgage rates and rising house prices, but Zillow's third-quarter results show the company can still thrive during difficult times in the market.
Source Fool.com
