Shares of Zillow Group Inc. (Z) are rising over 10% in pre-market today. The stock has been trading between $20.04 and $66.68 in the past one year, and closed Monday’s trade at $31.22, up $4.03 or 14.82%. Z is currently trading at $34.60, up $3.38 or 10.83% in the pre-market trading session.
The company, on Monday, announced that it would pause home buying in all 24 markets where Zillow Offers currently operates in response to local public health orders related to COVID-19 and to help protect the safety and health of its employees, customers and partners.
Zillow noted that it would continue to market and sell homes through Zillow Offers, but temporarily suspend plans to open additional Zillow Offers markets. To help protect Zillow customers and partners, the company halted open houses for its homes in all markets last week. All Zillow-owned homes include proprietary Zillow 3D Home technology to make virtual home tours easier and Zillow’s local broker and Premier Agent partners offer virtual consultations.
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