Use Options For a Chance To Buy CXO at a 19% Discount
June 02, 2015 at 11:44 AM EDT
Looking back to 95 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 Tuesday, the stock is now 11.9% above the offering price..