Trulia share price dips after downgrade by Goldman Sachs analyst by Elaine360

Shares in real estate listings portal operator Trulia Inc. were down more than 7 percent today after a Goldman Sachs analyst cut his rating from “buy” to “neutral,” citing “the risk of continued deceleration in the broader housing environment” and a loss of consumer mobile market share to rival Zillow.

Trulia’s share price dipped below $32 in afternoon trading today, down nearly 40 percent from a 52-week high of $52.71.

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