Zillow Group Stock News

These are the stocks posting the largest moves before the bell.

Futures Reverse Overnight Rout As Doubts Emerge About Aggressive Fed Hiking After initially sinking sharply, with S&P futures dropping as much as 1% overnight on concerns that aggressive rate hikes from the Fed aimed at curbing stubbornly high inflation could plunge the US into recession and crash risk assets, US equity futures have recovered most of their losses after an overnight article from Bloomberg reported that the " Fed Doesn’t Yet Favor a Half-Point Hike or an Emergency Move " easing investor nerves that a massive hike is imminent. Contracts on the Nasdaq were also flat after earlier retreating as much as 1.2% as growth stocks are especially sensitive to rising rates and bond yields. Still, absent a powerful bounce today, the S&P 500 is set to snap a two-week winning streak. The benchmark S&P 500 has struggled to gain for three weeks in a row since November as the Fed signaled it was prepared to tighten monetary policy to rein in red-hot inflation, but strategists say a broader selloff across stock markets is unlikely.

Zillow Group Inc. said it expects to cut its workforce by 25% this year, as a result of the previously announced wind down of Zillow Offers operations, but that followed a more than 45% jump in its workforce in 2021. In the real estate information company''s 10-K annual report filed late Thursday, Zillow said the job cuts will primarily go into effect during the first half of 2022. The company said it had 8,005 full-time employees as of Dec. 31, up 2,501, or 45.4%, from 5,504 employees at the end of 2020. A 25% reduction would put the workforce at about 6,004, which is still 9.1% above the 2020 level. Zillow''s stock shot up 13.8% in premarket trading, after the company reported late Thursday record fourth-quarter revenue that soared above expectations. It has dropped 24.6% over the past three months, while the S&P 500 has eased 3.1%. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Zillow Group's (ZG) fourth-quarter 2021 results benefit from a significant increase in the Homes segment revenues.

https://www.investing.com/news/stock-market-news/zillow-soars-as-homeflipping-is-winding-down-faster-2762196

Zillow Soars as Hot Market Takes the Pain out of Home-Flipping Wind-Down

The real estate technology company just issued its first report since dropping its iBuying business.

Zillow Group shares surged in pre-market trading after the online real estate platform posted stronger-than-expected fourth quarter revenues and said it would wind-down its home flipping business earlier than forecast.

Shares of Z stock are up over 10% after the digital real estate platform reported Q4 earnings. Can Zillow turn around from here?

Stock futures slide as rate bets, bond yields leap; Saturday Fed hike fever?; Zillow shares surge after Q4 sales beat, home flipping wind-down; Ford, GM shares slip as Canada trucker protests slow production and Elon Musk is ''highly confident'' for a SpaceX orbit flight this year.

Investors are already feeling more buoyed, with the stock climbing close to 13% in premarket trading Friday.

Shares of Zillow Group Inc rose 13% premarket on Friday after the online real estate firm's fourth-quarter revenue handily beat estimates on a strong performance in its home segment.

Even as broader markets remain choppy, these two companies reported strong financial results that have their stocks on the rise.

Zillow Group Inc. Z, -1.75% ZG, -1.26% said it expects to cut its workforce by 25% this year, as a result of the previously announced wind down of Zillow Offers operations, but that followed a more th