Rightside (Nasdaq: NAME) closed down $1.41 or 12.92% on Monday. The volume was substantially higher than the average daily volume of 52,197 coming in at 865,348. The shares traded as low as $8.79. This was the biggest volume day since June 24 and one of the biggest volume days all year.
DomainNameWire.com reported on August 12, that Daniel Negari and Mike Ambrose sold $2 million worth of Rightside stock.
InsiderMonkey.com reported on August 15, that Cannell Capital sold 19,881 shares lowering their stake to 6.29%.
I know we had a reader here that predicted the stock was headed back to $9 when it was trading at $12, if no takeover came.
It will be interesting to see if investors come back into the stock looking for a quick bounce back.
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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.
