GoDaddy Inc (GDDY) Moves Lower on Volume Spike for December 05

Equities Staff |

GoDaddy Inc (GDDY) traded on unusually high volume on Dec. 05, as the stock lost 2.6% to close at $46.09. On the day, GoDaddy Inc saw 5.52 million shares trade hands on 33,995 trades. Considering that the stock averages only a daily volume of 1.52 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $51.29 and $33.55 over the last 52-weeks, its 50-day SMA is now $46.25, and its 200-day SMA $41.94. GoDaddy Inc has a P/B ratio of 19.45. It also has a P/E ratio of 208.7.

GoDaddy Inc, through its subsidiaries provides a variety of domain name registration and website hosting services. It also provides cloud-based solutions.

Headquartered in Scottsdale, AZ, GoDaddy Inc has 4,749 employees and is currently under the leadership of CEO Blake J Irving.

For a complete fundamental analysis analysis of GoDaddy Inc, check out Equities.com’s Stock Valuation Analysis report for GDDY.

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To get more information on GoDaddy Inc and to follow the company’s latest updates, you can visit the company’s profile page here: GDDY’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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