Why Compass Stock Couldn't Find Its Way This Week

Why Compass Stock Couldn't Find Its Way This Week

What happened Rising interest rates and corporate retrenchment were the twins bedeviling Compass (COMP 2.62%) stock these past few trading days. They helped push the big real estate company's share price down by almost 19% across this week, according to data compiled by S&P Global Market Intelligence. So what The fortunes of the real estate business are inextricably tied to the development of interest rates. This stands to reason, as mortgages -- which are by far the most expensive recurring …