Updated
Updated · MarketWatch · May 6
GoDaddy stock falls 2.62% to $85.20 and underperforms peers
Updated
Updated · MarketWatch · May 6

GoDaddy 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?