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Fly News Breaks for July 10, 2019
RDFN
Jul 10, 2019 | 07:12 EDT
As previously reported, SunTrust analyst Naved Khan started Redfin with a Buy rating and a price target of $23, citing the company's "innovative model" generating cost savings to real-estate buyers and sellers with a platform that uses data, proprietary technology, and online tools. The analyst believes that Redfin is positioned for a "meaningful margin expansion" and market share gains as its efforts to facilitate an end-to-end experience in a real-estate transaction contributes to its brand awareness.
News For RDFN From the Last 2 Days
RDFN
Apr 17, 2024 | 15:36 EDT
Bearish flow noted in Redfin with 5,561 puts trading, or 1.8x expected. Most active are Jan-26 5 puts and Jan-26 5 calls, with total volume in those strikes near 5,100 contracts. The Put/Call Ratio is 1.82, while ATM IV is up over 1 point on the day. Earnings are expected on May 2nd.
