Redfin Stock Rises 9% So Far On Wednesday, Outperforms Market

(VIANEWS) – Shares of Redfin (NASDAQ: RDFN) jumped 9.63% to $8.20 at 14:59 EST on Wednesday, following the last session’s upward trend. NASDAQ is jumping 0.15% to $11,602.31, following the last session’s upward trend. This seems, at the moment, a somewhat bullish trend exchanging session today.

Redfin’s last close was $7.48, 76.84% under its 52-week high of $32.30.

About Redfin

Redfin Corporation operates as a residential real estate brokerage company in the United States and Canada. The company operates an online real estate marketplace and provides real estate services, including assisting individuals in the purchase or sell of home. It also provides title and settlement services; originates and sells mortgages; and buys and sells homes. The company was formerly known as Appliance Computing Inc. and changed its name to Redfin Corporation in May 2006. Redfin Corporation was incorporated in 2002 and is headquartered in Seattle, Washington.

Earnings Per Share

As for profitability, Redfin has a trailing twelve months EPS of $-0.23.

The company’s return on equity, which measures the profitability of a business relative to shareholder’s equity, for the twelve trailing months is negative -73.27%.

Stock Price Classification

According to the stochastic oscillator, a useful indicator of overbought and oversold conditions,

Redfin’s stock is considered to be oversold (<=20).

Volatility

Redfin’s last week, last month’s, and last quarter’s current intraday variation average was 9.52%, 2.74%, and 5.30%.

Redfin’s highest amplitude of average volatility was 9.79% (last week), 5.92% (last month), and 5.30% (last quarter).

More news about Redfin (RDFN).

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