Investors Grab NLY Even Cheaper Than Its Secondary Stock Offering
October 25, 2017 at 11:21 AM EDT
Looking back to 19 days ago, Annaly Capital Management Inc (NLY) priced a 65,000,000 share secondary stock offering at $12.00 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..