Abnormal Volume Stocks To Watch On Friday

Topping the list of stocks with abnormal volume in yesterday’s trading is PBF Energy (NYSE: PBF), with 6.1x normal volume. In the prior session, PBF traded 8.84 million shares, versus normal volume of approximately 1.46 million. PBF Energy announced that the underwritten secondary offering of 18,000,000 shares of its Class A common stock by funds affiliated with The Blackstone Group and First Reserve Management, L.P. has been priced for total gross proceeds of approximately $540.0 million. The underwriters have offered the shares of Class A common stock at prevailing market prices or otherwise from time to time through the New York Stock Exchange, in the over-the-counter-market, through negotiated transactions or otherwise. The Selling Stockholders will receive all of the proceeds from the Offering.

http://www.forbes.com/sites/joelkornblau/2014/06/13/abnormal-volume-stocks-to-watch-on-friday-9/