Re/Max stock plunges after investigation of CEOs surfaces

Share value had dropped over 16 percent as of the morning of Nov. 3

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.

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