Frank R. Cruz LLP Remind investors of upcoming January 18, 2022 Purchased on behalf of Zillow Group, Inc. (“Zillow” or the “Company”) (NASDAQ: and, ZG) between securities February 10, 2021 and November 2, 2021, inclusive (“during class”).
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On October 18, 2021, the company announced that Zillow Offers is suspending new contracts through 2021 and will focus on its current inventory, citing “refurbishment backlogs and limited operational capacity.” Zillow claims that “[p]Using the new contract will allow us to focus on sellers who already have contracts with us as well as our current home inventory. ”
Zillow’s Class A shares fell $8.84, or 9.4%, to close at $85.46 per share on October 18, 2021, on the news, and Zillow’s Class C shares fell $8.97, or 9.4%, on October 18, Closed at $86.00 per share in 2021 with unusually high volume.
Then, on November 2, 2021, Zillow announced…