Use Options For a Chance To Buy CXO at a 29% Discount
August 26, 2014 at 11:46 AM EDT
Looking back to 106 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 Tuesday, the stock is now 7.3% higher than the offering price..