Redfin Stock Slips on Goldman Sachs Downgrade
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Redfin Corp's stock dropped 4.7% following a downgrade by Goldman Sachs from 'neutral' to 'sell'.
November 18, 2024 | 4:00 pm
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Redfin Corp's stock fell by 4.7% after Goldman Sachs downgraded its rating from 'neutral' to 'sell'. This downgrade likely reflects concerns about the company's future performance.
The downgrade by a major financial institution like Goldman Sachs is significant and suggests a negative outlook on Redfin's future performance. This has directly impacted the stock price, causing a 4.7% drop.
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