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

Nov. 13, 2013 3:13 PM ETAnywhere Real Estate Inc. (HOUS)Z, HOUSBy: Eric Jhonsa, SA News Editor2 Comments
  • 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.

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