Why GoDaddy Stock Jumped Thursday
Shares of GoDaddy (NYSE: GDDY), a domain name registrar and provider of online tools, rose sharply in early trading on Thursday, climbing by as much as 14.8%. However, as of 1:38 p.m. EDT, it was up only 4%.
The tech stock's rise was likely propelled by the second-quarter report the company delivered Wednesday, which featured a revenue result that exceeded analysts' expectations. In addition, management provided a better-than-expected third-quarter outlook.
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Source Fool.com
