Here's Why GoDaddy Stock Is Soaring Monday
Domain registration company GoDaddy (NYSE: GDDY) is rising sharply on Monday. As of 2 p.m. ET, shares were higher by 8% on the day after rising by as much as 10% earlier in the trading session.
The move wasn't fueled by earnings or any other news specifically related to the company's business. Rather, the jump is caused by a heavyweight investor taking a stake as well as investor speculation as to what this new investor might end up doing.
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Source Fool.com
