Zillow Stock Is Finally Rising Today -- Here's Why

The stock market was having a modestly weak day on Friday, with all three major averages in the red by less than 1% at 10 a.m ET. However, real estate technology leader Zillow Group (NASDAQ: ZG)(NASDAQ: Z) was heading in the opposite direction -- shares were up by 7% and had risen by more than 10% earlier in the trading session.

Zillow gave investors an update on the winding down of its iBuying business on Thursday afternoon, and there were two key points that are fueling today's news.

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Source Fool.com