Cardlytics (CDLX) Shares Cross Above 200 DMA Monday, May 1, 11:52 AM ET, by Market News Video Staff In trading on Monday, shares of Cardlytics Inc (CDLX) crossed above their 200 day moving ...
Cardlytics Reaches Analyst Target Price Thursday, May 11, 7:29 AM ET, by Market News Video Staff In recent trading, shares of Cardlytics Inc (CDLX) have crossed above the average analyst 12-month ...
VOX's Holdings Imply 14% Gain Potential Friday, June 2, 7:42 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Cardlytics (CDLX) Shares Cross Above 200 DMA Friday, June 16, 12:37 PM ET, by Market News Video Staff In trading on Friday, shares of Cardlytics Inc (CDLX) crossed above their 200 day moving ...
CDLX Crosses Above Average Analyst Target Wednesday, June 21, 7:35 AM ET, by Market News Video Staff In recent trading, shares of Cardlytics Inc (CDLX) have crossed above the average analyst 12-month ...
Investors Land CDLX Even Cheaper Than Its Secondary Stock Offering
By Market News Video Staff, Thursday, March 4, 10:02 AM ET
Looking back to 2 days ago, Cardlytics Inc (NASDAQ:CDLX) priced a 3,850,000 share secondary stock offering at $130.00 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 CDLX and achieve a cost basis 3.9% cheaper than those buyers, with shares changing hands as low as $124.94 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, Cardlytics Inc shares are currently trading down about 6.7% on the day. The chart below shows the one year performance of CDLX shares, versus its 200 day moving average:
Looking at the chart above, CDLX's low point in its 52 week range is $27.326 per share, with $161.47 as the 52 week high point — that compares with a last trade of $126.93.
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