Realogy’s market cap hit a new low of $967.4 million on Tuesday — dipping below $1 billion for the first time since the real estate conglomerate went public seven years ago. The New Jersey-based firm — whose brands include the Corcoran Group, Sotheby’s International Realty and Coldwell Banker — had a market cap of $3.3 billion just one year ago. On Tuesday, shares closed at $8.47, a 66.5 percent year-over-year drop from $25.33. So, what […]
source https://therealdeal.com/2019/05/07/the-sharp-decline-coincides-with-a-rash-of-newly-minted-real-estate-unicorns/
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