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Why Redfin Is Rising for the Second Straight Day

Why Redfin Is Rising for the Second Straight Day

Shares of Redfin (NASDAQ: RDFN) were climbing for the second consecutive day following a third-quarter earnings report that missed Wall Street expectations but still contained good news for investors. Redfin's instant home purchase iBuying program is being jettisoned, and the real estate outfit was cutting the size of its workforce. Zillow (NASDAQ: Z) (NASDAQ: ZG) had a program, and Opendoor Technologies (NASDAQ: OPEN) thrived with it.