Trulia jumps nearly 10 percent on Realogy acquisition chatter

Shares in real estate listing portal Trulia jumped nearly 10 percent today, closing at $39.63.

Briefing.com 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: finance.yahoo.com

 

 

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