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Commit To Buy Green Brick Partners At $35, Earn 5.8% Annualized Using Options
Friday, August 11, 2:16 PM ET, by Market News Video Staff

Investors considering a purchase of Green Brick Partners Inc (GRBK) shares, but tentative about paying ...

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Investors Snag GRBK Even Lower Than Its Secondary Stock Offering
Monday, September 11, 10:00 AM ET, by Market News Video Staff

Looking back to 4 days ago, Green Brick Partners Inc (GRBK) priced a 850,000 share ...

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Investors Bag GRBK Even Lower Than Its Secondary Stock Offering

By Market News Video Staff, Wednesday, May 12, 4:13 PM ET
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Looking back to 107 days ago, Green Brick Partners Inc (NYSE:GRBK) priced a 6,000,000 share secondary stock offering at $20.95 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 Wednesday, bargain hunters could buy shares of GRBK and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $20.82 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, Green Brick Partners Inc shares are currently trading off about 8.7% on the day. The chart below shows the one year performance of GRBK shares, versus its 200 day moving average:

Green Brick Partners Inc Chart

Looking at the chart above, GRBK's low point in its 52 week range is $8.641 per share, with $28.03 as the 52 week high point — that compares with a last trade of $21.03.


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