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Harbinger Group Inc. (HRG) Dropped To Over A 3-Month Low On Offering News

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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.

Harbinger Group gapped open sharply lower Thursday, but was range-bound throughout the session. The stock closed down by 2.72 at $7.50 on the highest volume of the year and fell to a 3 1/2 month low.

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by RTT Staff Writer

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