GoDaddy (GDDY) : Traders are bullish on GoDaddy (GDDY) as it has outperformed the S&P 500 by a wide margin of 6.23% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.53%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.7% in the last 1 week, and is up 5.66% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.52% and the 50-Day Moving Average is 6.84%.The 200 Day SMA reached 10.54%
GoDaddy (NYSE:GDDY): After opening at $34.18, the stock dipped to an intraday low of $33.89 on Friday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $34.76 and the buying power remained strong till the end. The stock closed at $34.53 for the day, a gain of 1.05% for the day session. The total traded volume was 817,380. The stocks close on the previous trading day was $34.53.
GoDaddy (GDDY) stock is expected to deviate a maximum of $2.7 from the average target price of $37.19 for the short term period. 8 Street Experts have initiated coverage on the stock with the most promising target being $40 and the most muted being $33.
GoDaddy Inc. operates a Web domain marketplace, godaddy.com. 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.