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Investors Land OCLR Even Cheaper Than Its Secondary Stock Offering

by www.forbes.com
Looking back to 20 days ago, Oclaro Inc. (NASD: OCLR) priced a 15,000,000 share secondary stock offering at $8.35 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 Tuesday, bargain hunters could buy shares of OCLR and achieve a cost basis 1.4% cheaper than those buyers, with shares changing hands as low as $8.23 per share.
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