Here's What Lifted Senseonics Holdings Inc. Stock
Shares of glucose-monitoring specialist Senseonics Holdings Inc. (NYSEMKT: SENS) surged about 18% higher on Friday and ended the session 13.1% higher. The start-up announced a secondary public offering on Thursday and provided pricing details today. Roughly six times the average number of shares traded hands as the market bid the stock about $0.63 higher than the proposed public offering price of $2.15 per share.
It's been less than two years since Senseonics made its stock-market debut. Secondary share offerings this early in a company's life as a publicly traded entity generally signal trouble, but investors appear to be viewing today's announcement as a positive sign.
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Source: Fool.com