Looking back to 2 days ago, China Biologic Products Inc (NASD: CBPO) priced a 3,870,000 share secondary stock offering at $110.00 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. In trading on Friday, bargain hunters could buy shares of CBPO and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $109.01 per share.
Looking back to 2 days ago, China Biologic Products Inc (NASD: CBPO) priced a 3,870,000 share secondary stock offering at $110.00 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. In trading on Friday, bargain hunters could buy shares of CBPO and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $109.01 per share.
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