Zillow Insider Buying Helps Sooth Stock After Slashed Outlook
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Following a whopping 27 percent plunge the day after management lowered its forecast, Zillow Group Inc.’s shares are working their way back up, helped along by insider buying over the past two weeks.
Board members and a top executive have purchased more than 1.5 million shares since Nov. 16, filings show. The largest came from board member Jay Hoag, who bought 850,000 shares last week. And Chairman Richard Barton and Chief Financial Officer Allen Parker both added to their stakes.