Miss FANG's $40.25 Offering But Think It's A Deal At $40?

Looking back to 21 days ago, Diamondback Energy, Inc. (NASD: FANG) priced a 4,000,000 share secondary stock offering at $40.25 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 8.1% higher than the offering price.