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Although this real estate disruptor has more than doubled since midyear, it could have much more upside ahead.
Redfin (RDFN -1.44%) has been one of the stock market's top performers recently, more than doubling over the past three months, both in anticipation of and in reaction to the Federal Reserve's rate cut. In this short video, I discuss why the recent movement in the stock could be just the starting point of an excellent period in Redfin's history.
*Stock prices used were the morning prices of Sept. 24, 2024. The video was published on Sept. 25, 2024.
Matt Frankel has positions in Redfin. The Motley Fool has positions in and recommends Redfin. The Motley Fool recommends the following options: short November 2024 $13 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.
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