VeriSign Inc. (VRSN) Dips 2.74% for September 09

Equities Staff  |

Among the S&P 500’s biggest fallers on Monday September 09 was VeriSign Inc. (VRSN). The stock experienced a 2.74% decline to $201.88 with 555,876 shares changing hands.

VeriSign Inc. started at an opening price of 208.02 and hit a high of $208.12 and a low of $200.46. Ultimately, the stock took a hit and finished the day at $5.69 per share. VeriSign Inc. trades an average of n/a shares a day out of a total 118.37 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. VeriSign Inc. hit a high of $221.78 and a low of $131.28 over the last year.

VeriSign is the sole authorized registry for several generic top-level domains, including the widely utilized .com and .net top-level domains. Additionally, the company operates two of the world's 13 root servers that are used to route Internet traffic. In 2018, the firm sold off its security services business, signaling a renewed focus on the core registry business. VeriSign generates about 60% of its sales from the United States.

With its headquarters located in Reston, VA, VeriSign Inc. employs 900 people. After today’s trading, the company’s market cap has fallen to $23.9 billionAs for its value, has a P/E ratio of <39, a P/S of 20.04, a P/B of -16.77, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on VeriSign Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: VRSN’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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