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Investors Land CDLX Even Cheaper Than Its Secondary Stock Offering
Thursday, March 4, 10:02 AM ET, by Market News Video Staff

Looking back to 2 days ago, Cardlytics Inc (CDLX) priced a 3,850,000 share secondary stock ...

Investors Land CDLX Even Cheaper Than Its Secondary Stock Offering

By Market News Video Staff, Thursday, March 4, 10:02 AM ET
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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:

Cardlytics Inc Chart

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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This Article's Word Cloud:   Buyers   CDLX   Cardlytics   Channel   Dividend   Looking   Newsletter   Offer   Offerings   Premium   Receive   Recent   Secondaries   Secondary   Special   Start   Stock   Thursday   about   above   achieve   afternoon   announcement   attractive   average   back   bargain   basis   because   been   before   below   best   bullish   buyers   buying   changing   chart   investment   last   offering   point   priced   share   shares   stock   that   trading   week   with
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