Why Compass Stock Couldn't Find Its Way This Week
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.
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 …