Forbes -
17 May 2016 21:12

Looking back to 5 days ago, Spire Inc (NYSE: SR) priced a 1,900,000 share secondary stock offering at $63.05 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 Tuesday, bargain hunters could buy shares of SR and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $62.46 per share.
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