Shares of Redfin (NASDAQ: RDFN) were moving in the wrong direction last month as the online real estate brokerage was pressured by rising interest rates, ongoing weakness in the housing market, and a verdict against the National Association of Realtors (NAR), finding that the lobbying group artificially inflated real estate commissions.

The company also got a reprieve from a deal with Apollo Capital Management as the private equity company agreed to inject up to $250 million in financing into Redfin, which will allow the company to repurchase some of its existing convertible notes.

Image source: Redfin.

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Source Fool.com