Use Options For a Chance To Buy CXO at a 32% Discount
April 01, 2015 at 11:46 AM EDT
Looking back to 33 days ago, Concho Resources Inc (CXO) priced a 6,000,000 share secondary stock offering at $108.33 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time and based on early trading on Wednesday, the stock is now 7.1% higher than the offering price..