Investors Land CXO Even Lower Than Its Secondary Stock Offering
May 15, 2014 at 11:19 AM EDT
Looking back to 3 days ago, Concho Resources Inc (CXO) priced a 6,500,000 share secondary stock offering at $129.00 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..