DA Davidson analyst Tom White initiated Redfin with a Buy rating and a price target of $28. White is positive on the company's use of technology to reduce costs and improve the home transaction experience, adding that Redfin's "early mover advantage and compelling consumer value proposition" can produce further market share gains. The analyst estimates that Redfin homebuyers saved about $2.7K on average in 2017 in the form of a closing-cost reduction, while the sellers commission of 1.0%-1.5% is more attractive relative to the 2.5%-3.0% paid to traditional brokerages.

Unusual total active option classes on open include: ImmunityBio (IBRX), Halliburton (HAL), Redfin (RDFN), Nokia (NOK), Matterport (MTTR), General Motors (GM), UPS (UPS), Philip Morris (PM), PepsiCo (PEP), and General Electric (GE).