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Why Redfin Stock Was Sliding Today

Why Redfin Stock Was Sliding Today

Shares of Redfin (NASDAQ: RDFN) were moving lower as the online real estate brokerage fell in line with a broad market sell-off. While there was no major company-specific news out on Redfin, a few news items may have pushed the stock lower. As of 2:11 p.m. ET, shares were down 11.4%, while the Nasdaq had fallen 1.7% and the small-cap Russell 2000 index was off 2.1%.