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Updated · MarketWatch · May 6GoDaddy stock falls 2.62% to $85.20 and underperforms peers
8 articles · Updated · MarketWatch · May 6
- The decline came as the S&P 500 rose 1.46% to 7,365.12 and the Dow gained 1.24% to 49,910.59 on Wednesday.
- It was GoDaddy's second straight daily loss, leaving the shares 55.27% below their 52-week high of $190.50 reached on May 16.
- Among peers, LivePerson fell 1.18% and Marchex dropped 4.37%, while GoDaddy trading volume of 1.7 million was 744,165 below its 50-day average.
GoDaddy beat earnings with its AI strategy, so why is the stock price still falling so sharply? Is GoDaddy’s AI push a true business revolution or just a new coat of paint?