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Why Redfin Jumped 42% Last Month

TheMotleyFool

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Shares of Redfin (NASDAQ: RDFN) surged last month as the online real estate brokerage posted a better-than-expected results in its first-quarter earnings report and said that housing demand had bounced back strongly from the lockdowns.

As a result, the stock finished May up 42%, according to data from S&P Global Market Intelligence. The stock gained throughout the month: