Aspen Aerogels (ASPN) Takes Back its Offer

Aspen Aerogels (ASPN) is today’s Under 30-stock. In this segment Jenny Horne and Alex Coffey discuss the company which specializes in insulation for sustainable energy products. Jenny looks at Aspen Aerogels (ASPN) stock which surged Wednesday when the firm announced it decided not to proceed with concurrent public offerings of its common stock, one day after announcing that it would. George Tsilis joins the conversation and explains why this news may have made the stock surge 56% in the first 5 minutes after the announcement then level off to about 24% up or about $10.50 per share Thursday afternoon. Alex asks George to also weigh in on possible insight he would give new traders for the second half of the year, considering the volatility of the first 6 months. George says could look for liquidity not necessarily capital gains.