Compass ( (COMP) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Compass Inc.’s stock experienced an unusual movement due to its impressive Q3 performance, with revenue hitting a record $1.85 billion and surpassing expectations. The company also reported a 7% increase in organic transactions and a 22% rise in total transactions, outpacing the market. These achievements have bolstered Compass’s market position and led to optimistic projections for Q4, with an adjusted EBITDA forecast between $35 million and $49 million.
More about Compass
YTD Price Performance: 32.99%
Average Trading Volume: 10,559,684
Technical Sentiment Signal: Buy
Current Market Cap: $4.17B
For further insights into COMP stock on TipRanks’ Stock Analysis page.
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