Shares of Zillow Group (Z) Sees Large Outflow of Money

Zillow Group (Z) : Net money flow in Zillow Group (Z) was negative ($1.63 million) and the inflow of money on uptick was $4.34 million, whereas, the outflow of money on downticks amounted to $5.97 million on Thursday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.73. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $0.38 million. On the other hand, the total value of block trades done on downticks was $1.75 million. The ratio of uptick to downtick block trades was 0.22. The money flow in block trades was negative ($1.37). Zillow Group (Z) gained $0.51 cent during the day and reached $35.59, a gain of 1.45% over the previous day.


Zillow Group (Z) : 4 Wall Street analysts covering Zillow Group (Z) believe that the average level the stock could reach for the short term is $29. The maximum price target given is $34 and the minimum target for short term is around $20, hence the standard deviation is calculated at $6.38. The stock has recorded a 20-day Moving Average of 4.32% and the 50-Day Moving Average is 17.78%.

Zillow Group (NASDAQ:Z): During Thursdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $35.00 and $34.80 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $35.85. The buying momentum continued till the end and the stock did not give up its gains. It closed at $35.45, notching a gain of 1.05% for the day. The total traded volume was 986,055 . The stock had closed at $35.08 on the previous day.

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