RE/MAX Shares Plummet 5.7% Amid Q3 Earnings Decline

RE/MAX shares fell 5.7% after Q3 revenue and earnings dropped 6.7% YoY to $73.25 million and $0.37 per share, respectively. The stock has been volatile with 18 moves greater than 5% over the last year. Despite this, the market sees the news as meaningful but not fundamental to the business. RE/MAX is down 23.7% YTD and 43.7% from its 52-week high.