Take a look at B. Riley Financial (RILY), which last traded at $46.84.
For one, after finding triple bottom support around $40 a share, the RILY stock is starting to pivot higher. It’s also oversold on RSI, MACD, and Williams’ %R. Two, while the stock begins to recover, investors can collect a dividend yield of 8.64% at the moment. Three, there’s been a good deal of insider buying from a company director and CEO.
In August 2022, Director Randall Paulson bought just over 80,890 shares of RILY for between $49.76 and $52.13 a share. CEO Bryant Riley bought 25,000 shares on September 14 for $1.186 million, and another 8,509 shares for just under $400,000.
For those of you new to RILY, B. Riley Financial is a diversified financial services platform that delivers tailored solutions to meet the strategic, operational, and capital needs of its clients and partners. B. Riley leverages cross-platform expertise to provide clients with full service, collaborative solutions at every stage of the business life cycle.