Shares of Redfin (NASDAQ: RDFN) were moving higher today in sympathy with the stock of Zillow (NASDAQ: Z) (NASDAQ: ZG), which jumped after reporting strong growth in its new home-flipping business. Redfin's gains came just a day after the stock swung wildly on its third-quarter results Thursday as investors didn't quite seem to know what to make of the news.
The stock fell 3.1% Thursday, but was up 10.1% as of 2:41 p.m. EST today. Zillow A shares, meanwhile, were trading up 10.8% at that time.
Image source: Redfin.
Source Fool.com