The market has been high on Zillow Group Inc Class C (Z) stock recently. Z gets a Bullish score from InvestorsObserver Stock Sentiment Indicator.
Zillow Group Inc Class C has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on Z!
What is Stock Sentiment?
In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company.
Changes in price are generally the best indicator of sentiment for a particular stock. At its core, a stock's trend indicates whether current market sentiment is bullish or bearish. Investors must be bullish if a stock is trending upward, and are bearish if a stock is moving down.
InvestorsObserver's Sentiment Indicator factors in both price changes and variations in volume. An increase in volume usually means a current trend is stengthening, while a drop in volume tends to signal a reversal to the ongoing trend.
Our system also uses the options market in order to receive additional signals on current sentiments. We take into account the ratio of calls and puts for a stock since options allow an investor to bet on future changes in price.
What's Happening With Z Stock Today?
Zillow Group Inc Class C (Z) stock is trading at $41.43 as of 2:33 PM on Wednesday, May 18, a loss of -$0.67, or -1.59% from the previous closing price of $42.10. The stock has traded between $40.16 and $43.97 so far today. Volume today is 4,354,431 compared to average volume of 4,915,782.
More About Zillow Group Inc Class C
Zillow Group is an Internet-based real estate company that provides access to services such as buying and selling of houses, rental listings, and mortgage financing via mobile applications and websites such as Zillow, Trulia, and StreetEasy, among others. It operates through three segments based on the business operations and services provided. The homes segment, which accounts for roughly half of its revenue, includes income generated via direct purchase and sale of houses. The Internet, media, and technology segment and the mortgage segment both generate revenue through sale of various advertising, marketing, and technology products to real estate professionals and mortgage lenders. The company primarily operates in the United States.
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