Zillow (Z), the Seattle, WA real estate information web site, is up 12 cents to $24.14 and 3000 Feb 25 calls trade on the stock at $2.625 per contract when the market was $2.35 to $2.65. Looks opening and printed one minute for today’s Existing Home Sales and NAHB index came in above expectations. Existing Home Sales hit an annual rate of 4.79 million in October, from 4.69 and ahead of the 4.7 million that was expected. NAHB Index jumped 46 in November, from 41 and much better than the 42 was expected. Zillow ticking up to $24.36.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.