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Scalping My Way
Posted On: 10/18/2016 2:09:00 AM
Post# of 658
Posted By: Ciao
OPTT moved well closed 3,42 +0,59 (+20,85%)
despite having an offering

Quote:
Ocean Power Technologies Inc. (OPTT) shares fell sharply on Friday after the company announced the pricing of its secondary offering. The company intends to price 2.4 million shares at $2.75 per share with an overallotment option for an additional 360,000. At this price. the entire offering is valued up to $7.59 million. The offering is expected to close on October 19.


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