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Why Compass Stock Gave Up 25% In August

TheMotleyFool

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Why Compass Stock Gave Up 25% In August: https://g.foolcdn.com/editorial/images/700012/couple-sells-home-success-front-porch.jpg

Shares of Compass (NYSE: COMP) were pulling back again last month after the disruptive real estate brokerage posted disappointing results in its second-quarter earnings report. It also announced a cost-cutting program as the company reckons with the downshift in the real estate market.

According to data from S&P Global Market Intelligence, the stock finished August down 25%. As you can see from the chart below, the stock actually gained in the first half of the month until it reported earnings on Aug. 15 and continued to slump from there.

^SPX data by YCharts

Source Fool.com

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