Miss ITMN's $9.90 Offering But Think It's A Deal At $5?

Looking back to 176 days ago, InterMune Inc. (NASD: ITMN) priced a 13,500,000 share secondary stock offering at $9.90 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 Thursday, the stock is now 7.6% above the offering price.