B. Riley Financial, Inc., headquartered in Los Angeles, offers diverse financial services including investment banking, wealth management, and financial consulting, serving both public and private entities. The company, which employs 2,210 people and went public in 2009, operates through various segments like Capital Markets, Wealth Management, and Auction and Liquidation.
RILY has been in the news recently: Starbucks shares increased by 21% after the removal of CEO Laxman Narasimhan, while Chipotle's stock declined by 9% following the departure of CEO Brian Niccol. In contrast, insiders invested $3.46 million in B. Riley Financial stock, which has since dropped 52%, reducing their investment value to approximately $1.04 million.
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