Miss SSTK's $60 Secondary But Think It's A Steal At $55?

Looking back to 14 days ago, Shutterstock (NYSE: SSTK) priced a 4,600,000 share secondary stock offering at $60.00 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 Thursday, the stock is now 19.8% higher than the offering price.