Compass Stock Jumps 26% After Anywhere Deal Fuels Profit, Strong Q2 Outlook

Shares of Compass Inc. surged roughly 26% Wednesday, with the stock getting a lift after the real estate brokerage reported a first-quarter profit and projected second-quarter revenue that topped Wall Street’s expectations. The results mark an initial vote of confidence from investors in Compass’s acquisition of Anywhere Real Estate.

Compass stock jumps on Anywhere deal close and $1 billion convert — what to watch next week

Compass stock jumps on Anywhere deal close and $1 billion convert — what to watch next week

Compass, Inc. shares jumped 4.7% on Friday, closing at $12.84, following the brokerage’s announcement that it had finalized its all-stock merger with Anywhere Real Estate. CEO Robert Reffkin highlighted the deal’s potential to unite “the industry’s most respected brands and professionals” under “a single, modern technology platform.”
Compass stock jumps nearly 9% as Anywhere merger closes — here’s what traders watch next

Compass stock jumps nearly 9% as Anywhere merger closes — here’s what traders watch next

Shares of Compass, Inc. were up about 8.8% at $13.34 in midday trade on Friday after the real estate brokerage said it completed its all-stock combination with Anywhere Real Estate. Chief executive Robert Reffkin said the companies are “coming together on a single, modern technology platform,” and will be brought together under Compass International Holdings.