According to NASDAQ, as of press time Re/Max stock had dropped as low as 16.34 percent overnight after the company announced it is conducting an internal investigation of co-CEOs Dave Liniger and Adam Contos for possible business and ethics violations. The investigation surfaced Nov. 2 in lieu of its regular third quarter earnings results.

At market close on Nov. 2 shares were valued at $66.70. That number continued to slip throughout the morning of Friday, Nov. 3 as low as $55.80.

Email Caroline Feeney

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
Success!
Thank you for subscribing to Morning Headlines.
Back to top