Why Redfin Stock Soared 25% This Week
Shares of Redfin (NASDAQ: RDFN) spiked this week on no company-specific news. Instead, the real estate company's shares climbed higher as mortgage rates fell in response to trouble in the banking industry. As a result, Redfin stock was up by 25.1% this week, according to data provided by S&P Global Market Intelligence.