B. Riley's Stock Plunges After Disclosing Investment Losses

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B. Riley,Stock,Investment Losses

B. Riley's stock plummeted nearly 35% on Monday after disclosing unrealized investment losses and receiving a downgrade from S&P Global Ratings.

B. Riley's stock plummeted nearly 35% on Monday after disclosing unrealized investment losses and receiving a downgrade from S&P Global Ratings. The investment bank marked down the value of its investment in Franchise Group Inc, resulting in a net loss of $75.

8 million in the third quarter. B. Riley's stock has lost nearly 50% of its value since the announcement.

 

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