LogFAQs > #941138929

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TopicStock Topic 7
red sox 777
06/23/20 3:43:49 PM
#48:


Huh, all my stocks turned green for the day.

With regard to AAL,they are offering new shares at $13.50. That should be why they're down today - why buy AAL on the market for $15 when you will probably be able to buy it from the company at $13.50. Well, that's a question for institutions and people who are able to buy a secondary offering - I think generally the new stock is not released directly onto the market. Like with IPOs it's a windfall for investment banks and their clients at the expense of retail investors.

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