Volume Spike Investor

Boardwalk Pipeline Partners, LP (NYSE: BWP) is seeing a second consecutive day of active trading in its stock right after the open. The company priced its secondary offering of 10 million shares at $25.30 last night and you can see the full details on that pricing.

In less than 6 minutes this has seen over 2.3 million shares trade hands and the average daily volume is only 324,000 normally. This traded 1.759 million shares yesterday on a large loss as sellers hit the stock before this deal priced.

52-WEEK TRADING RANGE: $21.24 to $37.79
OPTIONS AVAIL.: YES

Jon Ogg
June 11, 2008