Repligen Reaches Analyst Target Price Wednesday, August 22, 7:45 AM ET, by Market News Video Staff In recent trading, shares of Repligen Corp. (RGEN) have crossed above the average analyst 12-month ...
RGEN Crosses Above Average Analyst Target Wednesday, October 17, 8:12 AM ET, by Market News Video Staff In recent trading, shares of Repligen Corp. (RGEN) have crossed above the average analyst 12-month ...
Short Interest Falls 10.2% For RGEN Wednesday, November 28, 2:44 PM ET, by Market News Video Staff The most recent short interest data has been released for the 11/15/2018 settlement date, which ...
Investors Snatch RGEN Even Cheaper Than Its Secondary Stock Offering
By Market News Video Staff, Thursday, July 18, 10:03 AM ET
Looking back to 2 days ago, Repligen Corp. (NASDAQ:RGEN) priced a 1,380,000 share secondary stock offering at $87.00 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 Thursday, bargain hunters could buy shares of RGEN and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $86.99 per share.
Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, Repligen Corp. shares are currently trading up about 0.6% on the day. The chart below shows the one year performance of RGEN shares, versus its 200 day moving average:
Looking at the chart above, RGEN's low point in its 52 week range is $45 per share, with $89.22 as the 52 week high point — that compares with a last trade of $87.20.
This Article's Word Cloud:BuyersCorpDaysDollarsJoinLookingOfferOfferingsRGENRecentRepligenSecondariesSecondarySevenSpecialStartStockThursdayValueForumaboutaboveachieveannouncementattractiveaveragebackbargainbasisbecausebeenbeforebelowbullishbuyersbuyingchangingchartcheaperinvestmentlastofferingpointpricedsharesharesstockthattradingweekwith
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