Why Compass Stock Is Skyrocketing Today
Shares of Compass (NYSE: COMP) were soaring today after the company reported mostly disappointing third-quarter earnings results but said it intended to be free-cash-flow positive by the second quarter of next year.
The stock was also likely boosted by falling mortgage rates in the wake of yesterday's lower-than-expected inflation report, which gave the real estate stock a much-needed shot in the arm.
As of 11:53 a.m. ET, Compass stock was up 48.6%.
Source Fool.com
