CBRE stock dives 12% as Zillow jitters hit real-estate names ahead of earnings
CBRE shares dropped 12.4% to $149.25 Wednesday, a day before its earnings report, after hitting a 52-week high Tuesday. Zillow fell 16.6% and Rocket Companies lost 9.2% as rising bond yields and weak Zillow guidance pressured real estate stocks. CBRE will release results Thursday morning, with analysts expecting $11.66 billion in revenue and $2.68 per share in adjusted earnings.
