Shares of GoDaddy (GDDY) Sees Large Outflow of Money

GoDaddy (GDDY) : Net money flow in GoDaddy (GDDY) was negative ($0.8 million) and the inflow of money on uptick was $0.76 million, whereas, the outflow of money on downticks amounted to $1.55 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.49. The block trades show that the large investors, were aggressive sellers in the stock. On the other hand, the total value of block trades done on downticks was $0.88 million. The money flow in block trades was negative ($0.88). GoDaddy (GDDY) gained $0.1 cent during the day and reached $32.4, a gain of 0.31% over the previous day.


Also, Brokerage firm Deutsche Bank maintains its rating on GoDaddy (NYSE:GDDY). As per the latest information, the brokerage house raises the price target to $39 per share from a prior target of $36. The shares have been rated Buy. The rating by the firm was issued on August 4, 2016.

GoDaddy Inc. has dropped 1.76% in the last five trading days, however, the shares have posted positive gains of 6.53% in the last 4 weeks. GoDaddy Inc. has dropped 2.97% during the last 3-month period . Year-to-Date the stock performance stands at 0.81%.

GoDaddy (NYSE:GDDY): During Tuesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $32.30 and $32.28 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.53. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.32, notching a gain of 0.06% for the day. The total traded volume was 884,706 . The stock had closed at $32.30 on the previous day.

In a related news, The Securities and Exchange Commission has divulged that Carroll James M., officer (EVP – International) of Godaddy Inc., had unloaded 60,000 shares at an average price of $32.04 in a transaction dated on August 18, 2016. The total value of the transaction was worth $1,922,400.

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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