Looking back to 106 days ago, Pioneer Natural Resources Co (NYSE: PXD) priced a 9,000,000 share secondary stock offering at $128.00 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 10.2% above the offering price. It should be noted that investors at the secondary have collected $0.04/share in dividends since the time of their purchase, so t...
Miss Pioneer Natural Resources' $128 Secondary But Think It's A Steal At $90?
Forbes - 31 May 2013 17:46
Looking back to 106 days ago, Pioneer Natural Resources Co (NYSE: PXD) priced a 9,000,000 share secondary stock offering at $128.00 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 10.2% above the offering price. It should be noted that investors at the secondary have collected $0.04/share in dividends since the time of their purchase, so t...
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