Redfin Soars More Than 75% on Acquisition News -- Here's What Investors Need to Know
The stock market was having a generally negative day on Monday, with all the major market indices firmly in the red. But looking at Redfin's (NASDAQ: RDFN) stock price, you'd never know it. As of 10 a.
What made Redfin stock soar 70% on Monday?
Redfin Corp (NASDAQ: RDFN) rallied more than 70% in premarket today after Rocket Companies Inc (NYSE: RKT) agreed to buy the real estate listing platform for about $1.75 billion. The all-stock deal values each share of Redfin at $12.
Rocket to Buy Redfin in $1.75 Billion All-Stock Deal
Two of the biggest growth opportunities for Rocket that we've talked about are really growing in purchase in AI. And by bringing together the leading a home search website with the leading mortgage finance company.
Surprising news sends Redfin stock soaring
Redfin (RDFN) is taking off like a rocket. The tech-powered real estate company saw its shares roaring into the wild blue yonder on March 10 on news it was being acquired by Rocket Cos. (RKT) in an all-stock deal valued at $1.
Redfin Stock Soars 70% on Deal to Be Bought by Rocket Cos.
Rocket Cos. said Monday it reached an agreement to buy the digital real estate brokerage Redfin. Rocket will pay $12.50 a share to acquire Redfin in an all-stock transaction. The deal, which values Redfin at $1.
Redfin Stock Soars as Rocket Companies Acquires Firm for $1.75B
KEY TAKEAWAYS Redfin shares are surging 75% in premarket trading Monday after mortgage giant Rocket Companies announced it was buying the digital real estate brokerage in an all-stock deal valued at $1.
Redfin Is Soaring on a $1.75B Deal. Is It Too Late to Snap Up RDFN Stock?
Redfin (RDFN) stock opened a whopping 75% up on Monday, March 10 following news that Rocket Companies (RKT) is buying the residential real estate brokerage for $1.75 billion. Rocket expects the RDFN acquisition to result in over $200 million of run-rate synergies by 2027.
Redfin (NASDAQ:RDFN) Stock Rating Upgraded by Piper Sandler
Piper Sandler upgraded shares of Redfin (NASDAQ:RDFN – Free Report) from an underweight rating to a neutral rating in a ...
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Redfin Stock Eyes Best Day Ever After $1.75 Billion Buyout
Redfin (RDFN) stock is on track for its best day ever after Rocket (RKT) acquired the company for $1.75 billion ...
Redfin (RDFN) Shares Skyrocket, What You Need To Know
Shares of real estate technology company Redfin (NASDAQ:RDFN) jumped 87.8% in the pre-market session after the company ...
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Shareholder Alert: The Ademi Firm Investigates Whether Redfin Corporation Is Obtaining a Fair Price for Its Public Shareholders
The Ademi Firm is investigating Redfin (Nasdaq: RDFN) for possible breaches of fiduciary duty and other violations of law in ...
Rocket agrees to buy Redfin for $1.75B
Rocket Cos. (NYSE:RKT), parent of Rocket Mortgage, agreed to acquire real estate broker Redfin (NASDAQ:RDFN) in a deal valued ...
SHAREHOLDER ALERT: Rigrodsky Law, P.A. Is Investigating Redfin Corporation Buyout
Rigrodsky Law, P.A., with offices in Delaware and New York, has recovered hundreds of millions of dollars on behalf of investors and achieved substantial corporate governance reforms in securities ...
TMCnet30m
The Typical U.S. Homeowner Stays Put For 11.8 Years. In Parts of California, It's Closer to 20 Years.
(NASDAQ: RDFN) - The typical U.S. homeowner stays in their house for 11.8 years, but homeowners in California-where Proposition 13 can lock owners into low property-tax rates-are staying put much ...
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Redfin (NASDAQ:RDFN) Exceeds Q4 Expectations But Stock Drops 10.2%
Real estate technology company Redfin (NASDAQ:RDFN) in Q4 CY2024, with sales up 12% year on year to $244.3 million. On the ...
Redfin (NASDAQ:RDFN) Rating Increased to Strong-Buy at Zelman & Associates
Zelman & Associates upgraded shares of Redfin (NASDAQ:RDFN – Free Report) to a strong-buy rating in a research report sent to ...
Nasdaq, S&P 500 Hit 6-Month Lows As Recession Fears Grow: What's Driving Markets Monday?
Stocks extended last week's losses on Monday as concerns over the U.S. economy continue to weigh on the market. The Nasdaq ...
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates CKPT, RDFN, BLBX On Behalf Of Shareholders
Blackboxstocks Inc. (NASDAQ: BLBX)'s merger with REalloys Inc. Upon closing of the proposed transaction, Blackbox shareholders will own approximately 7.3% of the combined company. If you are a ...