Move has a good day, but Zillow has a better one

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Shares in realtor.com operator Move Inc. got a nice bump Thursday, one day after the board of directors of the National Association of Realtors approved “historic” changes to the agreement governing the operation of the listings portal to help it better compete with rivals Zillow and Trulia.

But while Move’s share price edged up 4.75 percent today, Zillow got an even bigger lift, rising 6.09 percent — suggesting that both companies are riding a wave of optimism about the economy that’s driving a broader bull market in stocks.

While Trulia’s share price was up only about 1 percent today, it’s trading near it’s high for the year of $38.22.

Yahoo Finance pegs Zillow’s market cap — the value of all outstanding shares — at $2.65 billion, Trulia at $1.21 billion, and Move at $554 million.

Zillow CEO Spencer Rascoff tells the investor website The Motley Fool that the company is benifitting from a “virtuous cycle” in which agents buy more advertising from Zillow as they grow commission revenue. Source: finance.yahoo.com.