Redfin Corp (NASDAQ:RDFN) Major Shareholder Buys $3,900,000.00 in Stock
Redfin Corp (NASDAQ:RDFN) major shareholder Tiger Global Management Llc acquired 260,000 shares of the stock in a transaction dated Friday, July 28th. The shares were bought at an average price of $15.00 per share, with a total value of $3,900,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
Redfin Corp (NASDAQ RDFN) traded up 0.45% during midday trading on Friday, reaching $26.70. The company had a trading volume of 1,145,745 shares. Redfin Corp has a one year low of $15.82 and a one year high of $33.49. The stock’s market capitalization is $1.88 billion. The company has a 50-day moving average price of $24.50 and a 200-day moving average price of $24.50.
Redfin Corp Company Profile
Redfin Corporation is engaged in providing residential real estate brokerage services. The customer can search for homes by neighborhood, city or MLS number, or can refine results using detailed parameters, such as price and number of beds or baths. The Company serves home buyers and sellers. The Company offers online tools to consumers, including Redfin Estimate, which is an automated home-valuation tool.
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