Zillow shares rally after Valiant Capital's Hansen touts potential for big gains

Shares of online real estate and home-related mobile platform Zillow ZG rallied Monday afternoon after Valiant Capital said the stock is one of its portfolio picks. The huge advantage Zillow has here is so much traffic already coming to its site, Valiant President and Founding Partner Chris Hansen said from the Sohn Conference in New York. "We think there's another big stair-step for this business coming," Hansen said.