It’s not a good day on the stock market for Zillow.
The Seattle online real estate company saw its stock drop by more than 7 percent on Thursday to $93.91 a share — the stock’s lowest price since it dipped below $94 this past May. As of Thursday at 12:30 p.m. PT, the stock was trading at about $96 per share.
Meanwhile, Trulia — which Zillow is about to acquire — is also having a rough day on Wall Street, as its stock fell more than 7 percent to as low as $41 per share.
Last month, Zillow pushed back its acquisition of San Francisco-based Trulia to Feb. 15 in order to comply with a second request for more information from the Federal Trade Commission. That came after an original pushback to Feb. 1. Zillow first announced its planned acquisition of Trulia on July 28.
Since the announcement of the planned merger, Zillow’s stock has fallen nearly 40 percent:
Trulia’s stock has dipped more than 25 percent since July 28:
