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Investors Grab BOOM 8.3% Cheaper Than Its Secondary Stock Offering

By Market News Video Staff, Friday, July 23, 10:34 AM ET
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Looking back to 80 days ago, DMC Global Inc (NASDAQ:BOOM) priced a 2,500,000 share secondary stock offering at $45.00 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 BOOM and achieve a cost basis 8.3% cheaper than those buyers, with shares changing hands as low as $41.28 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, DMC Global Inc shares are currently trading off about 10.2% on the day. The chart below shows the one year performance of BOOM shares, versus its 200 day moving average:

DMC Global Inc Chart

Looking at the chart above, BOOM's low point in its 52 week range is $25.79 per share, with $70 as the 52 week high point — that compares with a last trade of $42.47.


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This Article's Word Cloud:   BOOM   Buyers   Dividends   Free   Friday   Global   Looking   Offerings   Recent   Report   Secondaries   Secondary   Start   Stock   about   above   achieve   announcement   attractive   average   back   bargain   basis   because   been   before   below   bullish   buyers   buying   changing   chart   cheaper   check   company   compares   considerable   cost   investment   last   offering   point   priced   share   shares   stock   that   trading   week   with
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Investors Grab BOOM 8.3% Cheaper Than Its Secondary Stock Offering | Market News Video | Copyright © 2008 - 2021, All Rights Reserved

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