Redfin Has Tripled in 2023 -- Can It Go Even Higher?

By Matt Frankel and Tyler Crowe – Jul 6, 2023 at 6:16AM

NASDAQ: RDFN

Redfin

Market Cap

$670M

Today's Change

(8.49%) $0.44

Current Price

$5.62

Price as of April 26, 2024, 4:00 p.m. ET

After an awful 2022, Redfin is finally making strides in the right direction.

Real estate services disruptor Redfin (RDFN 8.49%) was priced as if it were about to go bankrupt in late 2022, but the stock has certainly turned the corner. In this video, we'll take a closer look at why Redfin has more than tripled this year and whether the move is justified.

*Stock prices used were the afternoon prices of July 3, 2023. The video was published on July 5, 2023.

Matthew Frankel, CFP® has positions in Redfin. Tyler Crowe has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Redfin. The Motley Fool recommends the following options: short August 2023 $14 calls on Redfin. The Motley Fool has a disclosure policy.

Matthew Frankel is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.