Zillow Group, Inc. (NASDAQ:Z) gained 12.05% and closed in the last trading session at $28.08. The company’s price range for the trading day was $28.00 to $29.70. The 52-Week range of the stock is $15.36 – $33.62. The company’s Market capitalization is $4.96B with the total Outstanding Shares of 117.98M. The stock has a one-year performance N/A% and a positive weekly performance at 13.50%. A home purchase is one of the largest investments most people make in their lifetime, yet on average, Americans spend just 8 hours researching their home loan, and obtain just four quotes from lenders, according to a new survey by Zillowi. One in five (18 percent) of those surveyed spend an hour or less shopping for their home loan. More time is spent researching a car purchase (11 hours) and an equal amount of time researching a vacation (8 hours), despite the fact that these items cost just a small fraction of the average cost of a home. For example, the average homeii costs five times more than the average cariii and 80 times more than the average vacationiv.
“When it comes to spending money on our daily expenses, we all understand the value in taking time to shop around, compare product reviews online, or research retailers to ensure we are making a wise purchase,” said Erin Lantz, vice president of mortgages for Zillow Group. “Yet surprisingly, very few prospective homebuyers apply that same diligence to choosing a lender and a home loan, despite the fact that is likely the largest purchase they will ever undertake. Unfortunately, that mistake could be costly – a small difference in the interest rate can add tens of thousands of dollars to your mortgage.”
Starbucks Corporation (NASDAQ:SBUX) ended at $56.39 with incline of 0.25%. The stock traded in the last session between $55.80 and $56.65 whereas, it’s 52-Week High Price is $64.00 with respect to its 52 Week Low Price of $42.05. The company’s Market Capitalization stands at $81.01B with 1.46B are the outstanding shares of the company. Starbucks Corporation (SBUX) recently declared that it received notice of an unsolicited “mini-tender” offer by TRC Capital Corporation (TRC Capital) to purchase up to 2 million shares of Starbucks common stock at a price of $54.38 per share in cash. The offering price is 4.43 percent below the closing price per share of Starbucks common stock on April 27, 2016, the last trading day before the commencement of the offer. The offer is for about 0.14 percent of the outstanding shares of Starbucks common stock.
Starbucks does not endorse TRC Capital’s unsolicited mini-tender offer and recommends that shareholders do not tender their shares. Starbucks is not associated with TRC Capital, its mini-tender offer or the mini-tender offer documentation.
Mini-tender offers are not subject to many of the investor protections afforded to larger tender offers, counting the filing of disclosure and other tender offer documents with the Securities and Exchange Commission (SEC) and other procedures mandated by U.S. securities laws.