GoDaddy stock rises 5.34% and snaps two-day losing streak
Updated
Updated · MarketWatch · May 7
GoDaddy stock rises 5.34% and snaps two-day losing streak
5 articles · Updated · MarketWatch · May 7
The shares closed at $89.75 on Thursday as the S&P 500 fell 0.38% and the Dow Jones Industrial Average dropped 0.63% in a broadly weak session.
Despite the gain, GoDaddy underperformed LivePerson, which rose 6.77%, while Marchex Class B fell 2.44%.
GoDaddy remains 52.89% below its 52-week high of $190.50 reached on May 16, while trading volume of 2.6 million topped its 50-day average of 2.4 million.
GoDaddy's AI is soaring, so why is its stock still down over 50% from its yearly high?
As GoDaddy buys back shares, why are its own top executives selling millions in personal stock?