RCS Capital’s stock: How low can it go?
The broker-dealer saw its shares dip again on Thursday after it lowered the price of its secondary offering. That follows a 37% decline in the company's share price in the past month. Investors, however, could stand to benefit. Bruce Kelly has the story.
Shares of RCS Capital Corp. were down again in trading Thursday after the wholesale and retail broker-dealer priced its secondary stock offering at $20.25 per share, well below its hoped-for price.
At 1 p.m. New York time, shares of the company were at $20.25, down 10.4%, or $2.36 from Wednesday's c
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