Diamonds and Dogs
Zillow (ZG) jumps on an upgrade. The online real estate company is up 4% after the Evercore analyst expects the current quarter to be the bottom for home sales, raising his price target to $61 from $34 a share. Zillow accounts for 50% or more of all the online real-estate-related traffic.
Fidelity National Information Services (FIS) was slumping 14.5% after it issued first-quarter adjusted earnings guidance below analysts' estimates. Fidelity National also looks to spin off their merchant solutions business called, Worldpay after acquiring it back in 2019.
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