1 Follow-On Offering to Buy For Long-Term Gains
After large gains following a successful IPO, it is typical for the company to do a follow-on offering allowing for pre-IPO shareholders to cash out. While this may appear to be the insiders cashing out at the top, the reality is that the top stocks doing these secondary offerings tend to move even higher.
Recent hot stock Rocket Fuel (NASDAQ: FUEL ) announced plans to sell at least 5 million shares following the release of preliminary fourth-quarter 2013 earnings. The company provides a leading programmable advertising solution based on artificial intelligence, or AI.
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Disclosure: Long FUEL. Please review the disclaimer page for more details.