Use Options For a Chance To Buy MIK at a 16% Discount
January 27, 2015 at 12:05 PM EST
Looking back to 5 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 Tuesday, the stock is now 7.8% above the offering price..