RCS Capital Corp (RCAP) Drops 38.89% on January 28

Equities Staff |

RCS Capital Corp (RCAP) was one of the Russell 2000's biggest losers for Thursday January 28 as the stock slid 38.89% to $0.01, a loss of $-0.007 per share. Starting at an opening price of $0.02 a share, the stock traded between $0.01 and $0.02 over the course of the trading day. Volume was 473,569 shares over 38 trades, against an average daily volume of 1.38 million shares and a total float of 91.95 million.

The losses send RCS Capital Corp down to a market cap of $1.01 million. In the last year, RCS Capital Corp has traded between $12.34 and $0.01, and its 50-day SMA is currently $0.24 and 200-day SMA is $3.43.

RCS Capital Corp is a holding company. The Company, through its subsidiaries, is engaged in the wholesale distribution and investment banking, capital markets and transaction management services businesses.

RCS Capital Corp is based out of New York, NY and has some 2,128 employees. Its CEO is Bradley E. Scher.

For a complete fundamental analysis analysis of RCS Capital Corp, check out Equities.com’s Stock Valuation Analysis report for RCAP. To see the latest independent stock recommendations from Equities.com’s analysts, visit our Research section.

The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

For more news on the financial markets, go to Equities.com. Also, learn more about our independent proprietary equity research reports and our robust do-it-yourself Stock Valuation Analysis reports in our Research section.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

GSV Capital Corp

GSV Capital Corp is an externally managed, non-diversified closed-end management investment company. The Company has elected to be treated as a business development company.

Private Markets

Wealthfront

Wealthfront is an automated investment service that serves as an alternative to traditional financial advisory services. The company manages a diversified, continually rebalanced portfolio of index funds on their clients’…

Trustify

Trustify provides trust and safety in both the digital and physical worlds through our vast network of on-demand Private Investigators.By removing the large retainers and high hourly rates that traditional…