Mar 5, 04:04 PM

Activist Hedge Fund Spruce Point Capital Takes Short Position on Zillow Group ($Z), Predicts 40-60% Downside Risk from Industry Lawsuits and Competition

Spruce Point Capital, an activist hedge fund, has taken a short position on Zillow Group ($Z), citing significant downside risk of 40-60% due to industry lawsuits, competition, and declining web traffic. The short report has caused Zillow's stock to tumble as investors react to the bearish outlook.

#Spruce Point Capital #Zillow Group #Zillow

Written with ChatGPT (GPT-3).

Sources

Lance Lambert@NewsLambert
2 years ago
#NEW Activist hedge fund @sprucepointcap is "short" on Zillow Group Spruce Point Capital sees 40% To 60% "downside risk" for Zillow shares "Zillow's core business model is under pressure from declining web traffic and growing industry litigation involving NAR and regulatory… https://t.co/snjQK1zpwA
The Real Deal@trdny
2 years ago
A Zillow short seller said the firm’s exposure to industry lawsuits and competition with https://t.co/D7uLn9URV2 could sink its stock https://t.co/r0LXDeJYcs
Spruce Point Capital@sprucepointcap
2 years ago
I think you're on to something here. $CSGP starting to squeeze $Z #Zillow https://t.co/gfCpf198m5

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