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Gainers: VIQ Solutions ( VQS ) +14% . Chindata Group ( CD ) +11% . Cyngn ( CYN ) +10% . Samsara ( IOT ) +10% . Compass ( COMP ) +9% . Losers: Ichor ( ICHR ) -14% . Axcelis Technologies ( ACLS ) -12% . Onto Innovation ...
Opendoor Technologies ( NASDAQ: OPEN ) stock slid 6.8% Tuesday regular trading hours as real estate stocks, especially those with a tech focus continue to exhibit weakness. As the Federal Reserve raises interest rates, mortgage rates also climb, making home purchases m...
Compass' stock pulled back by -22.7% in the past month, after news of the company's decision to shrink its workforce by -10% broke. COMP's shares aren't as cheap as what they seem to be, as the company's financial performance in the short-to-medium term could be weaker than what inves...
As many of you know, I have deep roots in housing. My mother was a real estate agent for many leading homebuilders. And my former business partners were large regional builders. As such, I saw the Great Recession through a unique lens. These days, homebuilder stocks have gotte...
JPMorgan Chase (NYSE:JPM) is reportedly laying off hundreds of employees in its home-lending unit and transferring hundreds more to other parts of the bank as climbing mortgage rates pressure demand for purchase mortgages and refinancing. All told, more than 1,000 workers will be affected by ...
Homebuilder stocks are rising in Tuesday trading after Lennar (NYSE:LEN) posted better-than-expected Q2 earnings and issued Q3 guidance showing that its homebuilding margins are holding up even as mortgage rates continue to rise. In addition, the company said it sees signs of supply chain iss...
Much ink has been spilled in recent weeks about the state of the economy and whether we're headed for a slowdown, a recession or something else. And while the broader job market seems to show -- at least for now -- that the economy is still performing strongly and the country's population has...
InvestorPlace - Stock Market News, Stock Advice & Trading Tips Source: Stock-Asso / Shutterstock.com Layoffs in 2022 have been rough already with several companies cutting their workforces just this week. These layoffs come as macroeconomic factors are affecting companies. That...
Redfin's (NASDAQ:RDFN) cost-cutting effort to reduce headcount by 6% could negatively impact the real estate brokerages' top-line growth over the next few years, said William Blair analyst Stephen Sheldon in a note Tuesday. Amid the layoffs, which will reduce agent capacity, Redfin (RDFN) is ...
Zillow (Z) (ZG) shares are dropping 5.9% in late Tuesday trading after two real estate firms disclosed plans to reduce their staff. Redfin (RDFN) said Tuesday it will reduce its staff by ~6% and Compass Inc. (COMP) is cutting its workforce by 10%, according to Bloomberg. Redfin...
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Compass to Announce Second Quarter 2024 Earnings on Wednesday, July 31 PR Newswire NEW YORK , July 1, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP), the largest residential real estate brokerage in the United States by sales volume 1 , announces its...
Compass Strengthens Footprint in Southeastern U.S., Welcoming the Top Brokerage in Tennessee PR Newswire NEW YORK , May 13, 2024 /PRNewswire/ -- Compass, Inc. (NYSE: COMP) ("Compass"), the largest residential real estate brokerage in the United States by sale...
2024-05-09 03:00:14 ET Image source: The Motley Fool. Compass (NYSE: COMP) Q1 2024 Earnings Call May 08, 2024 , 5:00 p.m. ET Operator Continue reading For further details see: Compass (COMP) Q1 2024 Earnings Call Transcript