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Zillow's stock surged despite a massive insider sell-off and a "Hold" rating from analysts.
Zillow Group saw a 118% increase in call options trading on August 14, with insiders selling 580,379 shares valued at $49 million in the last three months.
Despite this, the stock rose to $87.07, with analysts giving it a "Hold" rating and an average target price of $88.29.
Zillow offers real estate services including marketplaces, advertising, and business technology solutions.
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Las acciones de Zillow se dispararon a pesar de una venta masiva de información privilegiada y una calificación "Hold" de los analistas.