Market Recap – Godaddy shares off 5.88%

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Market recap for 2/4/16

Godaddy (GDDY) was down 5.88% on the day and was by far the worst performer of the group we track. There was a report on SeekingAlpha.com on Feb 2 about whether the stock was a go or a no go.

Rightside (NAME) was dpwm 1.62% on the day and traded as low as $8.40. The short interest decreased substantially in January according to Daily Political.

Rightside Group Ltd (NASDAQ:NAME) was the recipient of a large decrease in short interest in the month of January. As of January 15th, there was short interest totalling 513,753 shares, a decrease of 22.1% from the December 31st total of 659,741 shares, AnalystRatings.Net reports. Based on an average daily trading volume, of 71,820 shares, the days-to-cover ratio is presently 7.2 days. Approximately 6.0% of the company’s stock are sold short.

Alphabet Inc GOOGL 730.03 -19.35 (-2.58%)
Godaddy Inc GDDY 28.49 -1.78 (-5.88%)
Rightside Group Ltd NAME 8.52 -0.14 (-1.62%)
Minds + Machines Group… MMX 7.75P +0.12 (1.64%)
Centralnic Group PLC CNIC 50.00 P
 -1.00 (-1.96%)
Verisign, Inc. VRSN 77.01 +0.81 (1.06%)
Neustar Inc NSR 24.56 +1.11 (4.73%)
Tucows Inc. (USA) TCX 20.47 +0.37 (1.84%)
Endurance Intl. Group… EIGI 8.78 +0.23 (2.69%)
United Internet AG UTDI 45.38* -0.74 (-1.59%)
Web.com Group Inc WEB 18.22 +0.15 (0.83%)
Melbourne IT Limited MLB 2.17* +0.03 (1.40%)

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

About Raymond Hackney

Raymond is a writer, domain trader and consultant based in Pennsylvania. Raymond is the founder of 3Character.com and TLDInvestors.com.

Comments

  3. David King says

    Godaddy won’t recover they steal peoples domains.
    I got an email stating my domain 33fit.com was renewed for 9 years and charged 136.53.

    So I called Go-daddy and informed them I did not make this transaction.

    They said the only way to refund was to cancel the domain, which I did not want to do, I only had the domain for 3 months.