Use Options For a Chance To Buy IRDM at a 32% Discount
May 12, 2014 at 11:51 AM EDT
Looking back to 3 days ago, Iridium Communications Inc (IRDM) priced a 7,377,050 share secondary stock offering at $6.10 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 Monday, the stock is now 13.9% above the offering price..