Notable Tuesday Option Activity: AMC, GMS, ALGT Tuesday, July 25, 3:27 PM ET, by Market News Video Staff Among the underlying components of the Russell 3000 index, we saw noteworthy options trading volume ...
ALGT Crosses Above Average Analyst Target Tuesday, August 1, 8:20 AM ET, by Market News Video Staff In recent trading, shares of Allegiant Travel Company (ALGT) have crossed above the average analyst ...
Noteworthy Wednesday Option Activity: ALGT, DKNG, CPS Wednesday, August 2, 3:22 PM ET, by Market News Video Staff Looking at options trading activity among components of the Russell 3000 index, there is noteworthy ...
The Implied Analyst 12-Month Target For VLU Tuesday, August 8, 10:50 AM ET, by Market News Video Staff Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
Looking back to 2 days ago, Allegiant Travel Company (NASDAQ:ALGT) priced a 1,350,000 share secondary stock offering at $219.00 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 ALGT and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $218.90 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, Allegiant Travel Company shares are currently trading up about 0.8% on the day. The chart below shows the one year performance of ALGT shares, versus its 200 day moving average:
Looking at the chart above, ALGT's low point in its 52 week range is $68.09 per share, with $271.29 as the 52 week high point — that compares with a last trade of $223.50.
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