Redfin Corporation (NASDAQ:RDFN) traded today at a new 52-week high of $98.45. This new high was reached on below average trading volume as 708,000 shares traded hands, while the average 30-day volume is approximately 1.4 million shares.
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.
Redfin Corporation (NASDAQ:RDFN) has potential upside of 63.0% based on a current price of $94.27 and analysts’ consensus price target of $153.61.
In the past 52 weeks, shares of Redfin Corporation have traded between a low of $9.63 and a high of $98.45 and is now at $94.27, which is 879% above that low price.
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