Company Shares of GoDaddy Rally 0.69%

GoDaddy (NYSE:GDDY) has climbed 0.69% in the past week and advanced 1.11% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.9% and the outperformance has advanced to 0.19% for the last 4 weeks period.

GoDaddy (NYSE:GDDY): The stock opened at $32.31 on Friday but the bulls could not build on the opening and the stock topped out at $32.36 for the day. The stock traded down to $31.55 during the day, due to lack of any buying support eventually closed down at $31.88 with a loss of -1.36% for the day. The stock had closed at $32.32 on the previous day. The total traded volume was 2,180,188 shares.

The company shares have rallied 1.66% from its 1 Year high price. On Dec 8, 2015, the shares registered one year high at $35.35 and the one year low was seen on Aug 24, 2015. The 50-Day Moving Average price is $31.50 and the 200 Day Moving Average price is recorded at $31.04.

On the companys insider trading activities, Wagner Scott, officer (CFO and COO) of Godaddy Inc., unloaded 8,000 shares at an average price of $32.66 on June 15, 2016. The total amount of the transaction was worth $261,280, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Many analysts have stated their opinion on the company shares. Citigroup downgrades its view on GoDaddy (NYSE:GDDY) according to the research report released by the firm to its investors. The shares have now been rated Neutral by the stock experts at the ratings house. Earlier, the shares had a rating of Buy. Citigroup maintains the current price target of $35 per share on GoDaddy . The rating by the firm was issued on June 7, 2016.

GoDaddy Inc. operates a Web domain marketplace, The Company is a technology provider to small businesses, Web design professionals and individuals, delivering cloud-based products and outcome-driven, personalized Customer Care. The Company operates domain marketplace, where its customers can find that piece of digital real estate that matches their idea. The Company provides Website building, hosting and security tools to help customers construct and protect their online presence and tackle the changing technology landscape. It also provides applications that help them connect to its customers, manage and grow their businesses and get found online. It has designed and developed a set of cloud-based technology products that enable its customers to establish a digital presence, connect with their customers and manage their business operations. The Companys products include domain, hosting and presence, and business applications.

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