Zillow stock dives after analyst highlights two-thirds of homes bought are underwater

Shares of Zillow Group Inc. took a dive Monday, aft KeyBanc expert Edward Yruma highlighted however astir of the homes the existent property services institution purchased, with an purpose to flip them, were present worthy little than what they paid for them.

The banal Z shed 5.8% successful midday trading. Although the banal was inactive up 13.6% since closing astatine a 13-month debased of $86.00 connected Oct. 18, which was the time Zillow said it would halt buying U.S. homes aft gathering a large backlog, the banal was inactive down 51.1% since closing astatine a grounds $199.90 on...