Trulia jumps following Realogy M&A rumor; Zillow also higher

|About: Realogy Holdings (RLGY)|By:, SA News Editor

A rumor that real estate services giant Realogy (RLGY +1.3%) is looking to acquire Trulia (TRLA +8%), perhaps for $52/share, has led Trulia's shares to spike in afternoon trading.

Zillow (Z +3.9%) is also up strongly on the day. Both Trulia and Zillow were already rallying on what has been a good day for Internet momentum plays.

15% of Trulia's float was shorted as of Oct. 31.