Redfin (RDFN) Moves 5.3% Higher: Will This Strength Last?
RDFNRedfin(RDFN) ZACKS·2024-06-13 21:47

Redfin (RDFN) shares soared 5.3% in the last trading session to close at 6.57.Themovewasbackedbysolidvolumewithfarmoreshareschanginghandsthaninanormalsession.Thiscomparestothestock′s216.57. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 21% loss over the past four weeks. The increased investor optimism in the stock can be attributed to the favorable operating environment. This real estate broker is expected to post quarterly loss of 0.25 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues ar ...