It’s not the greatest time to be a Realogy shareholder. Thanks to a convergence of factors — from the slowing U.S. housing market to heightened brokerage competition — shares of the company’s stock closed at $19.73 on Oct. 5. That’s down 41.2 percent year-over-year, even as the S&P 500 rose 13.39 percent during the same time. Put another way: The New Jersey behemoth that operates the Corcoran Group and Coldwell Banker has lost more than […]
source https://therealdeal.com/2018/10/09/why-realogys-slow-burning-stock-is-down-40-over-the-last-year/
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