Apollo Investment Absorbs Secondary Well (AINV)

Posted in pre-market 
December 10th, 2009

Apollo Investment Corporation (NASDAQ: AINV) is trading lower this morning but better than some might expect.  The company sold 10 million shares in a secondary offering at $9.82 versus a $9.82 close yesterday.  At 8:26 AM EST we have seen shares trade down 0.8% at $9.74 on over 300,000 shares.  The 52-week trading range is $1.99 to $10.54 and the average daily volume is 1.6 million shares.  Be advised here that the secondary has been known as coming for two days and the stock was above $10.40 just on Monday.

JON OGG

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