Why Redfin's Shares Dropped Today

Why Redfin's Shares Dropped Today

What happened Shares of Redfin (NASDAQ: RDFN) fell 7.5% on Friday, following an analyst downgrade. So what Citing valuation concerns and economic uncertainty due to the COVID-19 crisis, RBC Capital analyst Mark Mahaney cut his rating on Redfin's stock from "outperform" to "sector perform.