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Kinder Morgan Energy Partners (KMP) Is Down Following Offering Announcement

Kinder Morgan Energy Partners (KMP: Quote) announced after the close Monday that it is commencing an underwritten public offering of 3,900,000 common units. The stock is now down 2.04 on 5K shares.

Kinder Morgan Energy Partners climbed in early trade Monday, but settled into a narrow range for the majority of the session. Shares finished up by 1.14 at $80.54. The stock closed near the middle of a 1-month range.

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by RTT Staff Writer

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