Use Options For a Chance To Buy STAY at a 14% Discount
October 03, 2014 at 11:52 AM EDT
Looking back to 58 days ago, Extended Stay America Inc (STAY) priced a 21,000,000 share secondary stock offering at $21.75 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 and based on early trading on Friday, the stock is now 5.5% above the offering price..