These 10 Stocks Posted Double-, Triple-Digit Gains Last Week

6. Redfin Corporation (NASDAQ:RDFN)

Redfin Corp. soared by 83.8 percent in just a week’s trading as investors reacted positively to news that it is set to merge with Rocket Companies Inc. (NYSE:RKT) for an all-stock deal valued at $1.75 billion.

In a statement last week, RKT said it had entered into an agreement with RDFN for the acquisition of its shares for $12.50 as it seeks to boost its lending business.

The value represented a 16.8-percent premium from RDFN’s close of $10.7 on Friday.

Founded in 2004, RDFN is one of the US’s leading real estate brands, operating a top-three home search platform with more than 1 million for-sale and rental listings and a tech-powered brokerage of more than 2,200 agents.

“[RKT] and [RDFN] have a unified vision of a better way to buy and sell homes,” said Varun Krishna, CEO of Rocket Companies. “Together, we will improve the experience by connecting traditionally disparate steps of the search and financing process with leading technology that removes friction, reduces costs, and increases value to American homebuyers.”