Secondary Offerings Fall Flat for Flat Performance

Welcome to John Ransom’s Stocks in the News where the headlines meet the trendlines.

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Stock number one: Voxeljet AG

3D Printer Maker Voxeljet Takes Deep Discount In Stock Sale—Wall Street Journal

This is what it looks like when a fallen angel sells stock. 3D printer maker Voxeljet, which saw its stock price rally fivefold to $70 a share about a month after its October initial public offering, sold 3 million shares for $15 each late Thursday, according to two people familiar with the offering. Through Thursday’s close, Voxeljet’s stock had plummeted 74% from its Nov. 18 post-IPO high, the third-largest such decline among U.S.-listed companies that went public last year, according to a FactSet and Dealogic Data.

Symbol: VJET

Trailing PE: NA; Forward PE: 82

PEG: 1.07

Dividend: NA

Estimate Trend: Up

Ransom Note Trendline: Avoid Voxeljet

VJET data by YCharts

Stock number two: Wix.com Ltd.

Wix.com Ltd. Announces Withdrawal of Registration Statement for Proposed Offering Due to Adverse Market Conditions—Company Press Release

Wix.com Ltd. (WIX), a leading global web development platform, today announced that, due to adverse market conditions, it has withdrawn the registration statement on Form F-1 it filed on March 20, 2014 for the proposed public offering of ordinary shares by it and certain selling shareholders.

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Symbol: WIX

Trailing PE: NA Forward PE: NA

PEG: -4.46

Dividend: NA

Estimate Trend: Flat

Ransom Note Trendline: Avoid Wix

WIX data by YCharts

Stock number three: Arthur J Gallagher & Co.

Constant Contact Surges Most Since 2007 on Revenue Gallagher Stock Priced at $43.25 to Fund Wesfarmers Deal—Bloomberg

Arthur J. Gallagher & Co. the insurance broker expanding beyond the U.S. through acquisitions, sold about $821.8 million of shares in an equity offering to help fund its latest deal. Gallagher sold 19 million shares at $43.25 apiece, below yesterday’s closing price in New York, the Itasca, Illinois-based company said in a statement distributed by PR Newswire. Morgan Stanley and Bank of America Corp. led the offering.

Symbol: AJG

Trailing PE: 22; Forward PE: 16

PEG: 1.05

Dividend: 3.10%

Estimate Trend: Up

Ransom Note Trendline: Buy Constant Contact

AJG data by YCharts