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Harbinger Group Inc. (HRG) Is Down Following Offering Announcement

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12/12/2012 4:41 PM ET

Harbinger Group Inc. (HRG: Quote) announced a registered secondary public offering of shares of its common stock by Harbinger Capital Partners Master Fund I Ltd., Harbinger Capital Partners Special Situations Fund L.P. and Global Opportunities Breakaway Ltd. after the bell Wednesday. The stock is now down 1.71 on 21K shares.

Harbinger Group fell below Wednesday's narrow range during the final 90 minutes of trade and closed down by 0.38 at $10.22. The stock pulled back slightly from resistance at the highs of the year.

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by RTT Staff Writer

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