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Why Redfin Stock Popped Today

TheMotleyFool

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Shares of Redfin (NASDAQ: RDFN) were moving higher today in sympathy with the stock of Zillow (NASDAQ: Z) (NASDAQ: ZG), which jumped after reporting strong growth in its new home-flipping business. Redfin's gains came just a day after the stock swung wildly on its third-quarter results Thursday as investors didn't quite seem to know what to make of the news.

The stock fell 3.1% Thursday, but was up 10.1% as of 2:41 p.m. EST today. Zillow A shares, meanwhile, were trading up 10.8% at that time.

Image source: Redfin.

Source Fool.com

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