Companies Capitalize on Higher Stock Prices: Spirit Airlines, A123, Boardwalk Pipeline Partners

Spirt Airlines (NASDAQ:SAVE) offers a discount of 1.2 percent off yesterday’s closing price for a secondary offering of 11 million shares. SAVE shares recently traded at $15.17, up $0.5, or 3.41%. They have traded in a 52-week range of $10.18 to $17.48. Volume today was 4,075,937 shares versus a 3-month average volume of 221,553 shares. The company’s trailing P/E is 10.29, while trailing earnings are $1.47 per share.

Boardwalk Pipeline Partners (NYSE:BWP) offers 8 million common units and gives underwriters an option of 1.2 million more. BWP shares recently traded at $27.27, down $1.24, or 4.35%. They have traded in a 52-week range of $23.54 to $33.50. Volume today was 4,393,873 shares versus a 3-month average volume of 340,339 shares. The company’s trailing P/E is 25.61, while trailing earnings are $1.07 per share.

A123 (NASDAQ:AONE), offers not batteries, but 12.5 million units expecting $23.5 million.  Each unit offered is a share plus a warrant for $2.034 per unit. AONE shares recently traded at $2.39, up $0.13, or 5.75%. They have traded in a 52-week range of $1.51 to $10.08. Volume today was 2,234,102 shares versus a 3-month average volume of 2,492,900 shares. The company’s trailing earnings are $-1.89 per share.