Large Inflow of Money Detected in GoDaddy

GoDaddy (GDDY) : Investors lapped up stocks on upticks to the tune of $5.18 million in the Thursdays trading session. The trading value on downticks was comparatively at $3.07 million and the uptick to downtick ratio of 1.69 indicates continuous buying by the bulls. The net money flow into the stock was $2.11 million. Upticks saw transactions worth $2.81 clearly indicating buying by large investors. The total money flow for block trades stood at $2.81 million, which is a positive for the stock in the long-term. GoDaddy (GDDY) fell $1.08 during the day at $29.03, a drop of -3.59% over the previous days close. However, for the week, the stock is -5.5%, compared to the previous week.


The stock has recorded a 20-day Moving Average of 6.37% and the 50-Day Moving Average is 6.73%. Shares have rallied 13.25% 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 $31.83 and the 200 Day Moving Average price is recorded at $30.76.

GoDaddy (NYSE:GDDY): The stock opened at $30.38 on Thursday but the bulls could not build on the opening and the stock topped out at $30.52 for the day. The stock traded down to $28.95 during the day, due to lack of any buying support eventually closed down at $29.27 with a loss of -2.79% for the day. The stock had closed at $30.11 on the previous day. The total traded volume was 1,212,216 shares.

In an insider trading activity, The Securities and Exchange Commission has divulged that Wagner Scott, officer (CFO and COO) of Godaddy Inc., had unloaded 8,000 shares at an average price of $29.88 in a transaction dated on July 6, 2016. The total value of the transaction was worth $239,040.

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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