I bought Zillow (NASDAQ:ZG)(NASDAQ:Z) about three years ago, and since then the stock has fallen more than 60%. Even with a lower valuation, I tend to believe that major changes in the housing market give the stock more downside risk than upside potential. In this video, I discuss the reasons for and against owning Zillow, and why I ultimately decided to cut my losses and move on.
*The stock prices used are the morning prices of May 6, 2024. The video was published on May 7, 2024.
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Matt Frankel holds positions within the Zillow Group. The Motley Fool holds positions with and recommends Zillow Group. The Motley Fool has a disclosure policy.
Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting his services. If you choose to subscribe through their link, they will earn extra money to support their channel. Their opinions remain their own and are not affected by The Motley Fool.
I Finally Decided to Cut My Losses and Sell This Stock — Here’s Why was originally published by The Motley Fool
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