Miss Molycorp's $6 Offering But Think It's A Steal At $3?

Looking back to 167 days ago, Molycorp Inc. (NYSE: MCP) priced a 37,500,000 share secondary stock offering at $6 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 11% higher than the offering price.