Why Did Zillow Stock Fall 11% Last Month?
Shares of Zillow Group (NASDAQ: Z) dropped 11.5% in March, according to data provided by S&P Global Market Intelligence. News broke that realtor commissions would be fundamentally changed moving forward, sparking fears of lower demand for Zillow's services.
Last month, the National Association of Realtors (NAR) announced that a legal settlement is expected to result in a 25% to 50% reduction in realtor fees on residential real estate transactions. Nearly 90% of home sales in the U.S. are handled by NAR members, who have generally charged a 6% standard commission on the sale price, so the total impact could be enormous.
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Source Fool.com
National Cinemedia Inc. Stock
€0.31
-3.930%
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With a target price of 6 € there is potential for a 1845.53% increase which would mean more than doubling the current price of 0.31 € for National Cinemedia Inc..
