Central bank policy affects all publicly listed U.S. businesses, more or less. Among the more directly affected companies is Redfin, (NASDAQ: RDFN) which operates a digital residential real estate ...
One of this summer's hottest IPOs took a step back last week. Shares of Redfin (NASDAQ: RDFN) declined 10.3% last week, after Piper Jaffray analyst Jason Deleeuw initiated coverage of the tech-savvy ...
Largely in response to news regarding its ever-strengthening place within the real estate sales business, data from S&P Global Market Intelligence indicates that as of 3:54 p.m. ET Monday, Redfin ...
Mortgage giant Rocket Companies (RKT) announced Monday it agreed to purchase digital real estate brokerage Redfin (RDFN) in an all-stock deal valued at $1.75 billion. Redfin stock rose as much as 76% ...
Redfin (NASDAQ: RDFN) has been on a roll recently. The online real estate brokerage has surged on hopes that falling mortgage rates will trigger a rebound in the housing market. The stock has doubled ...
Redfin's unique selling points have vanished, including eliminating buyer rebates and converting agents back to a commission model, causing a decline in market share and revenue. Redfin's Q3 results ...
Rocket Cos. said Monday it reached an agreement to buy the digital real estate brokerage Redfin. Rocket will pay $12.50 a share to acquire Redfin in an all-stock transaction. The deal, which values ...
The merger of Rocket and Redfin offers significant synergies, with Rocket expecting $200 million in run-rate synergies by 2027, primarily from cost savings. Redfin's competitive advantage lies in its ...
Investors who owned Redfin stock five years ago have had opportunities to profit handsomely from it. However, long-term Redfin stockholders who held on are now deep underwater. Risk-tolerant traders ...
Editor's Note: This article was corrected to reflect that Rocket is acquiring Redfin. JPMorgan's Dae K Lee is raising Redfin Corp‘s (NASDAQ:RDFN) stock price target from $7 to $12.50, matching Rocket ...