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Compass stock declined 48.5% so far this year
Compass stock plunged 11% in after-hours trading immediately following the release of the results. Shares have already declined 48.5% so far this year, as the S&P 500 index SPX, +0.40% has dropped 10.2%.
What happened to Compass real estate stock?
Let’s turn the clock back. On April 1, 2021 Compass stock was at $20.15 a share, in April 1, 2022 it was $7.39 a share. That’s no April fools joke.
Where’s the Compass stock today?
As of closing on August 15, 2022 , Compass stock was trading at $4.68 a share.
How did Compass stock fall from $20.15 a share to $4.68 a share?
Very easy, when you lose hundreds of million dollars in Wall Street seed money bad things will happen. Read more Compass real estate stories.
Compass promise and its reality
What doe this all mean? It means that the company, which debuted on the Fortune 500, joins the ranks of other private-market darlings such as Blue Apron whose public-market valuations have dropped below the total capital they raised from investors.
Source: Bloomberg News
Compass projections
Read More: Compass Stories
Boston Real Estate Blog updated 2022
