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Market Recap 4/5/16 GoDaddy Slammed on News of Stock Offering

Posted on the 05 April 2016 by Worldwide @thedomains

Market Recap 4/5/16

Go Daddy (GDDY) was the big story today, the stock got slammed down over 7% on news of the company starting a public offering of 16.5 million shares. The company is receiving none of the proceeds as the shares are being offered by selling shareholders. The stock traded over one million more shares than the average daily volume.

Tucows (TCX) was down over 2% on the day.

Alphabet Inc GOOGL 758.57 -6.55 (-0.86%)

Godaddy Inc GDDY 30.10 -2.36 (-7.27%)

Rightside Group Ltd NAME 8.64 +0.09 (1.05%)

Minds + Machines Group… MMX 8.72P +0.09 (1.09%)

Centralnic Group PLC CNIC 52.00P -1.00 (-1.89%)

Verisign, Inc. VRSN 88.71 -0.84 (-0.94%)

Neustar Inc NSR 24.08 -0.34 (-1.39%)

Tucows Inc. (USA) TCX 21.88 -0.50 (-2.23%)

Endurance Intl. Group… EIGI 10.52 -0.74 (-6.57%)

United Internet AG UTDI 44.06* +0.29 (0.66%)

Web.com Group Inc WEB 19.38 -0.05 (-0.26%)

Melbourne IT Limited MLB 2.03* 0.00 (0.00%)

Disclaimer – Any stock price and market data provided on our website is for informational purposes only, and should not be relied upon for trading purposes. Historical and current stock price performance data is not necessarily indicative of future performance.

The writer of this article has no positions in the stocks mentioned. Staff of TheDomains.com may take positions long or short in the above mentioned companies.

*P denotes Pence


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