Why Redfin Corporation Stock Tumbled Today

Shares of Redfin Corporation (NASDAQ: RDFN) were sliding today as the online real estate brokerage posted a solid second-quarter earnings report, but cast doubt on the housing market, saying it saw a significant slowdown in recent days. As a result, the stock was down 14.9% as of 11:23 a.m. EDT. Redfin revealed another round of strong growth in the quarter as revenue rose 36% to $142.6 million, well ahead of estimates at $137.5 million.

Topics:  corporation nasdaq   rdfn    stock   today   redfin corporation   million   quarter   market   share   earnings   
BING NEWS:
  • What's Going On With Tupperware's Stock?
    Tupperware Brands Corporation (NYSE:TUP) shares are trading higher Monday, and the stock is up more than 35% over the past five days amid a meme stock revival. The Details: Tupperware shares have ...
    05/20/2024 - 3:12 am | View Link
  • Trump Media Stock Rises Again, Adding Billions to Former President’s Stake
    In their first few weeks of trading, shares of Truth Social’s parent company soared, then crashed, and have recently made a strong recovery. Former President Donald J. Trump’s holding is now worth ...
    05/15/2024 - 9:08 am | View Link
  • AMC’s stock tumbles on news company will issue 23.3 million of shares in debt-for-equity swap
    AMC Entertainment Holdings Inc.’s stock reversed early gains on Wednesday to trade down 1.9%, after disclosing that it has entered private exchange agreements under which it will issue 23.3 million ...
    05/15/2024 - 12:20 am | View Link
  • Why Shopify Stock Tumbled Today
    Shares of Shopify ( SHOP -18.34%) were getting torched today after the high-priced e-commerce stock posted solid results in the first quarter, beating estimates, but investors balked at its outlook ...
    05/8/2024 - 5:37 am | View Link
  • Stocks Close Higher as the Outlook Improves for Fed Rate Cuts
    US stock indexes Friday settled moderately higher ... Jun T-notes Friday jumped to a 3-week high, and the 10-year T-note yield tumbled to a 3-week low of 4.447%. T-notes rallied Friday on ...
    05/4/2024 - 2:10 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More Business News