Miss EXAS's $12.35 Offering But Think It's A Deal At $11?

Looking back to 7 days ago, EXACT Sciences Corp. (NASD: EXAS) priced a 5,500,000 share secondary stock offering at $12.35 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 5.5% above the offering price.