Why is CWK down?
Down 4.5% today, more than its real estate peers' 1.4%; no story names it yet.
Rose on Nov 4
Up 10% on Nov 4, an up day for the market: the S&P 500 rose 2%, 72% of stocks rose, and real estate stocks a median 3%.
“Capital markets revenue increased 18%, primarily due to 24% revenue growth in the Americas, which experienced growth in all major asset classes.”
Why CWK still lags the market over five years
Down 25% over the five years to Nov 9 while the S&P 500 rose 72%; up 10% on Nov 4.
2 reasons, from its filings, with the timeline, for Pro members.