"B. Riley has a perfected first lien security interest in the shares collateralizing its loan (as previously discussed during our December Investor Day and repeatedly communicated since). A simple UCC search refutes any notion that these shares were double pledged," the company stated in response.
Shares of Big Lots, Inc. (NYSE: BIG) fell sharply during Monday’s session after the company reported preliminary fourth-quarter results.
Also, Loop Capital downgraded the stock from Hold to Sell and lowered its price target from $6 to $1.
U.S. stocks were mixed, with the Nasdaq Composite trading almost flat on Monday.
Shares of CymaBay Therapeutics, Inc. (NASDAQ: CBAY) rose sharply in today’s pre-market trading.
Shares of CommScope Holding Company, Inc. (NASDAQ: COMM) fell sharply during Monday’s session.
B of A Securities analyst Tal Liani downgraded CommScope from Neutral to Underperform and lowered the price target from $2.1 to $2.
CommScope shares dipped 6.9% to $2.2150 on Monday.