Exact restitution

Exact Sciences Corp. (NASDAQ:EXAS) took advantage of a rebound in its stock to raise $67.9 million last week, its second follow-on of more than $50 million in less than a year.

Exact sold 5.5 million shares at $12.35. The price was a 2% discount to the $12.59 close on June 17, when the company proposed the offering...