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Why Redfin Stock Slipped This Week

Why Redfin Stock Slipped This Week

Shares of Redfin (NASDAQ: RDFN) slipped 14.5% this week, according to data from S&P Global Market Intelligence. The online real estate marketplace didn't post financial results, but a slew of data coming in about the state of the U.S. housing market has investors bearish on the stock. As of this writing, shares of Redfin are down around 40% over the past year and off 80% from all-time highs set in early 2021.