Over 1 Year Ago
1 Min Read

RDFN shares jumped down -5% today. Here's why:

Shares of Redfin Corp (RDFN) are trading -5% lower at a price of $6.995 at the time of this writing. While it's generally been a mildly dispirited day for this part of the market, the company is lagging behind it's peers in the Real Estate sector.

  • Redfin home sale transactions dropped by 4% year-over-year
  • This could be due to a number of reasons, including a slowdown in the housing market

Redfin Corp has been trading between a 52-week high of $55.87 and a 52-week low of $6.975. The stock has a market cap of $759 Million.

Redfin is a technology-powered real estate broker, instant home-buyer (iBuyer), lender, title insurer, and renovations company. The Company sells homes for more money and charge half the fee. It also runs the country's #1 real-estate brokerage site.


Analyst Remains Bearish On Real Estate iBuyers: ''Fundamentals Are Going To Turn Worse Before They Get Better''
Benzinga 09-19-22

Redfin''s Business Model Is Ill Equipped For A Slowdown (NASDAQ:RDFN)
Seeking Alpha 09-18-22

3 Housing Stocks to Sell Now
InvestorPlace 09-16-22

Why Stocks Will Surge 20%+ Despite August Inflation Fallout
InvestorPlace 09-14-22

Is it a Good Choice to Buy Redfin Corp. (RDFN) Shares?
Insider Monkey 09-14-22

As you can imagine, the internet had a few things to say about the price move. Here's a few choice comments from the Reddit Traderverse™:

Fragrant-Initial1687 - 2 upvotes - source