Zillow Rebounds After NAR Ruling Rattled Investors
- Digital real estate pares losses after prior session selloff
- Zillow earnings results to be released after closing bell
Zillow shares are up as much as 1.1% Wednesday, while peer Re/Max climbs as much as 4.3%.
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Zillow Group Inc. is leading its digital real estate peers in a modest rebound Wednesday after a report that a Missouri jury found the National Association of Realtors liable of colluding to maintain high brokerage commissions sent shares tumbling Tuesday.
“Tuesday’s market response was a bit of an overreaction,” Stephens analyst John Campbell said. “We got the verdict from the jury but there’s still a lot that remains to be seen.”