GoDaddy (GDDY) has risen sharply, recording gains of 8.81% in the past 4 weeks. However, the stock has corrected -1.62% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 8.4% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
GoDaddy Inc. is up 1.81% in the last 3-month period. Year-to-Date the stock performance stands at 0.12%. The stock has recorded a 20-day Moving Average of 2.48% and the 50-Day Moving Average is 3.11%.
GoDaddy (NYSE:GDDY): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $31.88 and $31.81 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $32.19. The buying momentum continued till the end and the stock did not give up its gains. It closed at $32.10, notching a gain of 0.60% for the day. The total traded volume was 377,971 . The stock had closed at $31.91 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Deutsche Bank, maintains their rating on the shares of GoDaddy (NYSE:GDDY). Deutsche Bank has a Buy rating on the shares. As per the latest research report, the brokerage house raises the price target to $39 per share from a prior target of $36. The rating by the firm was issued on August 4, 2016.
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.