Miss HME's $63 Secondary But Think It's A Deal At $60?
July 22, 2013 at 12:02 PM EDT
Looking back to 13 days ago, Home Properties Inc (HME) priced a 3,850,000 share secondary stock offering at $63 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 Monday, the stock is now 5.1% higher than the offering price.