Redfin Corporation (NASDAQ:RDFN) traded at a new 52-week high today of $84.70. This new high was reached on below average trading volume as 708,000 shares traded hands, while the average 30-day volume is approximately 2 million shares.
There is potential upside of 61.4% for shares of Redfin Corporation based on a current price of $83.00 and an average consensus analyst price target of $133.94.
In the past 52 weeks, shares of Redfin Corporation have traded between a low of $9.63 and a high of $84.70 and is now at $83.00, which is 762% above that low price.
Redfin is an Internet-based real estate broker that notably pays its agents a salary as opposed to the traditional model of splitting a percentage of total commission, allowing it to charge homesellers a smaller fee to list. It has also recently expanded into iBuying through Redfin Now.
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