Why Redfin Stock Fell 12% in May

Shares of Redfin (NASDAQ: RDFN) were falling last month after concerns about a slowdown in the real estate market and the broader economy pressured the stock in spite of solid first-quarter earnings results. Redfin also missed the mark with its second-quarter guidance and continued to warn of a housing slowdown over the rest of May.

According to data from S&P Global Market Intelligence, the stock finished the month down 12%. 

Image source: Redfin.

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Source Fool.com