Ready Capital stock down 43% since acquiring Knight Capital and iBusiness Funding in 2019
Since its acquisition of both Knight Capital Funding and iBusiness Funding, owned by the same person, in October of 2019, the stock price of Ready Capital Corp(RC), is down 43%. The acquisition was for an undisclosed sum of cash plus 658,771 shares of Ready Capital common stock. The stock price at the time was approximately $16. Currently, it is at $8.50. That is a decrease in value of approximately $4.94 million.
https://finance.yahoo.com/quote/RC/
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