Zillow Stock Slips On RBC Capital Downgrade

By | June 2, 2014

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RBC Capital on Monday downgraded real estate website Zillow (Z) to sector perform from outperform, saying the stock’s recent runup had exceeded growth expectations. Zillow’s stock was down nearly 3% in early trading in the stock market today, near 115. Shares of Zillow, which competes with Trulia (TRLA) and Move (MOVE), had gained more than 44% in 2014 at Friday’s close, compared with less than 2% for the Nasdaq composite. IBD’s 54-company Scalper1 News

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