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Updated · MarketWatch · May 8VeriSign stock rises 3.5% and outperforms rivals
10 articles · Updated · MarketWatch · May 8
- Shares closed at $288.21 on Friday, beating Equinix, Zscaler and Arista Networks as the S&P 500 gained 0.84% and the Dow added 0.02%.
- The move marked VeriSign's second straight daily gain, with trading volume of 895,210 shares topping its 50-day average of 842,364.
- Despite the advance, the stock remains 7.21% below its 52-week high of $310.60 reached on 28 July.
Despite record profits and market dominance, what is the key hurdle preventing VeriSign's stock from reaching a new all-time high? In a market obsessed with AI, why is VeriSign's 'boring' domain business suddenly outperforming its high-growth tech competitors?