Use Options For a Chance To Buy CXO at a 26% Discount
June 12, 2014 at 11:52 AM EDT
Looking back to 31 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 and based on early trading on Thursday, the stock is now 7.1% higher than the offering price..