Zillow Stock Keeps Sinking. Analysts Issue Downgrades After Strategy Shift.

Zillow banal conscionable keeps falling aft analysts issued downgrades to the shares pursuing the company’s displacement successful its strategy distant from homebuying and selling.

Zillow‘s Class-A shares (ticker: ZG), which transportation voting rights, were down 18% successful premarket trading Wednesday, portion Zillow‘s Class-C shares (Z) were likewise down. The Class-A shares fell 11.5% Tuesday and person dropped astir 20% from Friday’s closing price; the Class-C shares person fallen successful parallel.

The...