BUZZ-B Riley dips after receiving notification of delinquency from Nasdaq
Reuters · 08/26 14:33
Share
Listen to the news
Updates
** Shares of B. Riley Financial RILY.O down 8% to $5.72
** Investment bank received a delinquency letter from Nasdaq on Friday after market due to delayed filing of co's quarterly report
** The bank's stock has been under pressure after it disclosed a loss for the quarter ended June 30 vs a year-ago profit in its preliminary report
** RILY failed to report its quarterly results and warned it could report a markdown of $330 mln to $370 mln in the period related to its investment in Vitamin Shoppe-parent Franchise Group
** Co-CEO Bryant Riley made an offer on Aug. 16 to acquire the bank
** I session's move, RILY down ~73% YTD
(Reporting by Pritam Biswas in Bengaluru)
Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
What's Trending
No content on the Webull website shall be considered a recommendation or solicitation for the purchase or sale of securities, options or other investment products. All information and data on the website is for reference only and no historical data shall be considered as the basis for judging future trends.
Copyright © 2024 Webull. All Rights Reserved