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Why Shares of WeWork Are Rising Today

·2 min read

Shares of the co-working company WeWork (NYSE: WE) traded nearly 7.5% up in the final hour of trading today for no obvious reason, although real estate stocks in general are performing well today as investors seem to be taking a more favorable view of the macro environment. Both numbers missed analyst estimates for the quarter. "From our core dedicated space offerings, to our access products and newly launched software solution, WeWork Workplace, our second quarter results demonstrate how the versatility of our offerings provide companies of all sizes with the ultimate adaptability," CEO Sandeep Mathrani said in a statement.