Why Redfin Stock Lost 34% in October
Shares of Redfin (NASDAQ: RDFN) were moving in the wrong direction last month as the online real estate brokerage was pressured by rising interest rates, ongoing weakness in the housing market, and a verdict against the National Association of Realtors (NAR), finding that the lobbying group artificially inflated real estate commissions.
The company also got a reprieve from a deal with Apollo Capital Management as the private equity company agreed to inject up to $250 million in financing into Redfin, which will allow the company to repurchase some of its existing convertible notes.
Image source: Redfin.
Source Fool.com
National Cinemedia Inc. Stock
€0.31
-3.930%
Our community is currently high on National Cinemedia Inc. with 3 Buy predictions and 0 Sell predictions.
With a target price of 6 € there is potential for a 1845.53% increase which would mean more than doubling the current price of 0.31 € for National Cinemedia Inc..
