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.
