Trulia jumps nearly 10 percent on Realogy acquisition chatter

Published on Nov 13, 2013 | Updated on Jun 5, 2014

Shares in real estate listing portal Trulia jumped nearly 10 percent today, closing at $39.63. attributed the rise to “chatter” that the company is in talks to be acquired by franchise and brokerage giant Realogy, with a target price of $52.

Seeking Alpha noted that 15 percent of Trulia shares were on loan to short sellers as of Oct. 30. Source: