Miss ONXX's $81.50 Offering But Think It's A Steal At $75?

Looking back to 168 days ago, Onyx Pharmaceuticals, Inc. (NASD: ONXX) priced a 4,400,000 share secondary stock offering at $81.50 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 Wednesday, the stock is now 63.8% above the offering price.