Why Redfin Stock Rocketed More Than 11% Higher on Monday

The real estate middleman confirmed what many would expect to be the case. It even doubled down on the resulting opportunity. Largely in response to news regarding its ever-strengthening place within the real estate sales business, data from S&P Global Market Intelligence indicates that as of 3:54 p.m. ET Monday, Redfin (RDFN 12.03%) stock was up 11.4%. More upside could be in store, too. It's complicated Last month, the National Association of Realtors (NAR) changed long-standing rules regarding agents' co ...