Somewhat Favorable News Coverage Somewhat Unlikely to Impact Redfin Corp (NASDAQ:RDFN) Stock Price

Press coverage about Redfin Corp (NASDAQ:RDFN) has been trending somewhat positive this week, according to Accern Sentiment. The research firm scores the sentiment of press coverage by analyzing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Redfin Corp earned a media sentiment score of 0.21 on Accern’s scale. Accern also gave news stories about the company an impact score of 48.5650150806801 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.

Shares of Redfin Corp (RDFN) traded up 0.45% during mid-day trading on Friday, reaching $26.70. 1,145,745 shares of the company’s stock were exchanged. The stock’s market cap is $1.88 billion. Redfin Corp has a 52 week low of $15.82 and a 52 week high of $33.49. The stock has a 50 day moving average price of $24.50 and a 200 day moving average price of $24.50.

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In related news, major shareholder Tiger Global Management Llc bought 260,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were acquired at an average cost of $15.00 per share, for a total transaction of $3,900,000.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

About Redfin Corp

Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.

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