Looking back to 11 days ago, Sunoco Logistics Partners LP (NYSE: SXL) priced a 21,000,000 share secondary stock offering at $27.00 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 SXL and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $26.96 per share.
Looking back to 11 days ago, Sunoco Logistics Partners LP (NYSE: SXL) priced a 21,000,000 share secondary stock offering at $27.00 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 SXL and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $26.96 per share.
Share this Article
Recommended