Redfin stock price today’s Redfin stock price of $7

Today’s Redfin stock price of $7.81 reflects a 2.6% surge, fueled by market optimism around real estate's spring revival. Investors see potential upside if mortgage volume rises, especially with Redfin’s online traffic indicators trending upward. Opendoor's stock is up around 410% this year (as of Sept. 29) as it has been a hot buy, largely a result of speculation. It's unfortunately not much more than a meme stock these days as the company's financial performance has not given investors much of a reason to remain optimistic; the company has incurred a net loss in each of its past four quarters and without a significant improvement in gross margin, that's not likely to change anytime soon. The deal comes at a time when the housing market has struggled amid high mortgage rates and tight home supply. Redfin's stock peaked at $96.81 in February 2021, when housing was thriving during the pandemic. Record-low interest rates played a crucial role in driving refinancing and fueling the market. RKT went public in August 2020, positioning itself to capitalize on these favorable market conditions. At $7.66, Redfin stock price slipped 0.5% following a week of solid gains. Sector analysts remain bullish long-term, citing Redfin’s technology-driven differentiation in an otherwise traditional brokerage space.