The domain name industry blogs covered Rightside (NAME) exposure in New York last week, which included presenting to the street and ringing the closing bell at the NASDAQ which was covered here, here, here, and here just to name a few and in press releases and financial publications like TheStreet.com.
There were some great pictures of Rightside appearing in the Times Square billboards as well like the one above
However today none of it translated to the trading floor as shares of Rightside fell over 1% to $8.29 a share down $.11 on the day
More importantly in our opinion, the number of shares traded were still well below the three month average.
Rightside traded only a little over 62,000 shares which is below 50% of its three month average of 115K shares a day.
Since it was spun off from Demand Media (DMD), Rightside has a high of $17 a share and a low of $7.84.
These things take time. Large investors don’t make investment decisions overnight.