Miss RLGY's $44 Secondary But Think It's A Steal At $35?

Looking back to 85 days ago, Realogy Holdings Corp (NYSE: RLGY) priced a 35,000,000 share secondary stock offering at $44.00 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 10.3% higher than the offering price.