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Stock Price of Thousand Oaks, Calif.-Based Homestore.com Stays High.
Byline: Roger Harris
Nov. 8--Published reports that the U.S. Department of Justice has broadened its investigation of Thousand Oaks-based Homestore.com caused little stir among investors Tuesday.
Although Homestore.com shares fell $0.88 Tuesday to $38.12, one analyst initiated coverage of the company Tuesday with a buy rating, while another analyst said the broadening of the antitrust investigation should have little effect on the company's stock performance.
"The DOJ's request for more information really isn't surprising," said Jim Fowler, an analyst with Thomas Weisel Partners in San Francisco. "I've been getting some calls (from investors) but I …
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