Use Options For a Chance To Buy XEC at a 20% Discount
May 22, 2015 at 11:47 AM EDT
Looking back to 2 days ago, Cimarex Energy Co (XEC) priced a 6,000,000 share secondary stock offering at $109.00 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 Friday, the stock is now 8.4% above the offering price..