Redfin’s Stock Drops on Loss Despite Record Rise in Market Share

National Mortgage News, Aug. 9, 2021–Bonnie Sinnock (subscription)
The net loss of nearly $28 million the company reported late last week had left its stock trading at near $56 per share by midday Monday, down from roughly $61 prior to its earnings release. Redfin recorded a net loss of $6.6 million a year ago and of $36 million in the first quarter of this year.
https://www.nationalmortgagenews.com/news/redfins-stock-drops-on-loss-despite-record-rise-in-market-share