Miss RDN's $8 Offering But Think It's A Deal At $7?

Looking back to 125 days ago, Radian Group, Inc. (NYSE: RDN) priced a 34,000,000 share secondary stock offering at $8.00 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 45.6% above the offering price.