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Why Redfin Stock Was Tumbling Today

TheMotleyFool

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Why Redfin Stock Was Tumbling Today: https://g.foolcdn.com/editorial/images/717900/redfin-house.jpg

Shares of Redfin (NASDAQ: RDFN) were falling today on news of a possible merger of two rivals, and as growth stocks fell broadly after downbeat guidance from Microsoft last night.

As a result, Redfin stock was down 11% as of 11:16 a.m. ET.

News that CoStar was in talks to buy Move, the parent of Realtor.com, from News Corp. pushed online real estate brokerage stocks broadly lower today.

Source Fool.com

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