Use Options For a Chance To Buy MIK at a 17% Discount
June 25, 2015 at 11:43 AM EDT
Looking back to 154 days ago, Michaels Companies Inc (MIK) priced a 18,800,000 share secondary stock offering at $23.52 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 11.6% higher than the offering price..