While Yahoo and Google have suffered double digit percentage losses this week, one of the companies in our Domain Parking Stock Index has rocked up over 30% in three days.
On Monday Communicate.com sat at Just under $2 a share.
On Thursday it closed at $2.70.
On Tuesday the company announced that they hired Alliance Advisors, LLC to develop, implement, and maintain an ongoing stock market support system for Communicate.com, with the general objective of expanding awareness in the company among stockbrokers, analysts, portfolio and fund managers, market makers, and the appropriate financial & trade publications.
Last week on January 23rd, the company released 4th quarter figures from one of its sites, perfume.com, showing revenue growth of 30% over fourth quarter 2006.
The company future announced that the 2007 holiday season (November and December 2007) was also a record for Perfume.com, with a 38% revenue increase over the same period in 2006.
On January 14th the company released a statement announcing the resignation of J. Cameron Pan from the position of Chief Financial Officer effective January 31, 2008.
The gains this week have been nothing short of spectacular, especially considering the performance of other in our index.
Guess we all should keep our eye on this one.
Anyone have an thoughts or info to support the stocks movement??
