Redfin (RDFN) Surges 25.7%: Is This an Indication of Further Gains?
RDFNRedfin(RDFN) ZACKS·2024-09-16 22:06

Redfin (RDFN) shares soared 25.7% in the last trading session to close at 14.45.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s51.314.45. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 51.3% gain over the past four weeks.The increased investor optimism in the stock can be attributed to the recent decline in mortgage rates, which is likely to provide an impetus to the United States’ second-home demand.This real estate broker is expected to post quarterly loss of 0.18 per share in its ...