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MARKETS LIVE BLOG:

STOCKS CLIMB AS DOW POSTS 8TH STRAIGHT WIN

Fed's Michelle Bowman echoes higher-for-longer mantra for interest rates

Redfin (RDFN) in Focus: Stock Moves 5.1% Higher

Zacks Equity Research
Updated

Redfin Corporation RDFN was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company as the stock is now down 26.3% in the past one-month time frame.

The company has seen seven negative estimate revisions in the past few weeks, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past few weeks, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.

Redfin currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.  

Redfin Corporation Price

Redfin Corporation Price | Redfin Corporation Quote

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A better-ranked stock in the Real Estate - Operations industry is Colliers International Group Inc. CIGI, which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

Is RDFN going up? Or down? Predict to see what others think: Up or Down

The Hottest Tech Mega-Trend of All

Last year, it generated $8 billion in global revenues. By 2020, it's predicted to blast through the roof to $47 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.

See Zacks' 3 Best Stocks to Play This Trend >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Colliers International Group Inc. (CIGI) : Free Stock Analysis Report
 
Redfin Corporation (RDFN) : Free Stock Analysis Report
 
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Zacks Investment Research