Excuse my ignorance, but is this usually a good thing or a bad thing for stocks? I noticed there was HEAVY volume today on SAPE, but the stock rose only 1/4. What's the deal?
SAPE made more stock available to the public, probably after enough brokerage were complaining there weren't any shares to trade/sell!The offering went at 47$ (See Yahoo NEWS). That's why the volume. Apparantly the market took it well since SAPE is not down today (so far).
SAPE down so the stock offering has hurt and probably will go lower monday