AudioEye Inc (NASDAQ:AEYE) shares are trading lower by 22.3% to $21.11 Thursday afternoon after the company announced a secondary offering of up to 1.25 million shares.
What Else: The company early announced the pricing of a secondary offering of 1.25 million shares of its common stock by certain selling stockholders at $24.00 per share.
The offering, managed by Needham & Company as Sole Book-Runner and Roth Capital Partners as Lead Manager, is expected to close on December 6, pending customary conditions.
The underwriters have a 30-day option to purchase up to 187,500 additional shares at the same price. AudioEye will not sell any shares or receive proceeds from this offering, with all proceeds going to the selling stockholders.
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How To Buy AEYE Stock
By now you're likely curious about how to participate in the market for AudioEye – be it to purchase shares, or even attempt to bet against the company.
Buying shares is typically done through a brokerage account. You can find a list of possible trading platforms here. Many will allow you to buy 'fractional shares,' which allows you to own portions of stock without buying an entire share. For example, some stock, like Berkshire Hathaway, can cost thousands of dollars to own just one share. However, if you only want to invest a fraction of that, brokerages will allow you to do so.
In the the case of AudioEye, which is trading at $21.82 as of publishing time, $100 would buy you 4.58 shares of stock.
If you're looking to bet against a company, the process is more complex. You'll need access to an options trading platform, or a broker who will allow you to 'go short' a share of stock by lending you the shares to sell. The process of shorting a stock can be found at this resource. Otherwise, if your broker allows you to trade options, you can either buy a put option, or sell a call option at a strike price above where shares are currently trading – either way it allows you to profit off of the share price decline.
According to data from Benzinga Pro, AEYE has a 52-week high of $34.85 and a 52-week low of $4.01.
