Large Outflow of Money Witnessed in GoDaddy

GoDaddy (GDDY) : Net money flow in GoDaddy (GDDY) was negative ($2.86 million) and the inflow of money on uptick was $0.79 million, whereas, the outflow of money on downticks amounted to $3.65 million on Monday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.22. 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 $2.94 million. The money flow in block trades was negative ($2.94). GoDaddy (GDDY) gained $0.14 cent during the day and reached $29.45, a gain of 0.48% over the previous day.


GoDaddy Inc. has dropped 4.36% during the last 3-month period . Year-to-Date the stock performance stands at -8.42%. GoDaddy Inc. has lost 3.8% in the last five trading days and dropped 9.16% in the last 4 weeks. In a related news,The officer (CFO and COO) of Godaddy Inc., Wagner Scott sold 8,000 shares at $29.88 on July 6, 2016. The Insider selling transaction had a total value worth of $239,040. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

GoDaddy (NYSE:GDDY): stock turned positive on Monday. Though the stock opened at $29.13, the bulls momentum made the stock top out at $29.47 level for the day. The stock recorded a low of $29.13 and closed the trading day at $29.36, in the green by 0.17%. The total traded volume for the day was 346,071. The stock had closed at $29.31 in the previous days trading.

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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