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| Investors Snatch DV Even Cheaper Than Its Secondary Stock OfferingBy Dividend Channel Staff, Friday, March 1, 11:39 AM ET
Looking back to 109 days ago, DoubleVerify Holdings Inc (NYSE:DV) priced a 12,500,000 share secondary stock offering at $30.45 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 Friday, bargain hunters could buy shares of DV and achieve a cost basis 1.7% cheaper than those buyers, with shares changing hands as low as $29.92 per share. Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, DoubleVerify Holdings Inc shares are currently trading off about 2.6% on the day. The chart below shows the one year performance of DV shares, versus its 200 day moving average:
Looking at the chart above, DV's low point in its 52 week range is $23.42 per share, with $43 as the 52 week high point — that compares with a last trade of $29.82. Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
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