What's Going On With Redfin Corporation Stock?
Portfolio Pulse from Erica Kollmann
Redfin Corporation (NASDAQ:RDFN) reported its Q3 financial results, beating the analyst consensus estimate on GAAP losses but missing on sales. The company's shares are trading higher, with heavy trading volume surpassing the stock's 100-day average. Short-sellers have shown interest in RDFN shares, with 24.28% of available shares being sold short.
November 03, 2023 | 3:03 pm
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Redfin Corporation's Q3 results beat analyst estimates on GAAP losses but missed on sales. The company's shares are trading higher, with heavy trading volume. Short-sellers have shown interest in RDFN shares.
Redfin Corporation's Q3 results beat analyst estimates on GAAP losses but missed on sales, which could have mixed effects on the stock. However, the stock is trading higher, indicating positive investor sentiment. The heavy trading volume suggests high investor interest, which could drive the stock price up in the short term. The interest from short-sellers could add volatility to the stock price.
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