Most Domain Stocks Down in First Half of 2009
Tuesday, July 7th, 2009
Domain stocks fail to keep up with broader technology index.
The NASDAQ was up 16% in the first half of 2009, but the rally didn’t extend to most domain name companies. Here’s a look at how they fared.
The Winners
Tucows (AMEX: TCX) jumped 27% to 42 cents a share at the close on June 30, 2009. The company stabilized over the period, but the stock jump was aided by aggressive stock buybacks.
AdLINK (DUS: LKI), the parent company of Sedo, saw its price increase in line with the broader tech market at 16%. It closed June 30 at $3.69 a share.
The Losers
Marchex (MCHX) continues its slide, down 42% on the year. The stock closed the first half at $3.39. It was only a few years ago that this stock traded over $20 a share.
Live Current (OTCbb: LIVC) fell 24% from 37 cents to 28 cents per share. The stock traded at over $3.00 per share in early 2008. The company is liquidating domain names to raise capital.
Dark Blue Sea (ASX:DBS) fell to 15 cents per share, down 2 pennies for the year. The stock is thinly traded. The company just issued profit guidance for 2008/09, saying profits would come in at about $1M AUS compared to nearly $4M AUS the prior year.
VeriSign (NASDAQ: VRSN) was doing well until a court decision threw its monopoly of .com domain names into a shadow of doubt. The stock is down 3% for the year.
Related posts:
- Ranking Domain Name Stocks in 2009
- 2009 First Half Domain Name Registrar Scorecard
- Marchex Revenue Falls 44%
Tags: adLINK, dark blue sea, live current, marchex, Tucows, VeriSign
Most Domain Stocks Down in First Half of 2009 – http://tinyurl.com/mdbccr
“Tucows (AMEX: TCX) jumped 27% to 42 cents a share at the close on June 30, 2009. The company stabilized over the period, AND the stock jump was aided by aggressive stock buybacks.”
there. fixed it!
Why don’t you include Melvourne IT They are listed as well
[...] NASDAQ ha subido un 16% en la primera mitad del 2009, pero este incremento no se ha extendido por igual a todas las empresas de la industria de los [...]