Miss NPSP's $14.53 Offering But Think It's A Steal At $5?

Looking back to 41 days ago, NPS Pharmaceuticals Inc. (NASD: NPSP) priced a 6,000,000 share secondary stock offering at $14.53 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.