A good year for domain name stocks, especially compared to the broader market.
Down market? Not for many domain name companies that have seen their stock prices jump quite a bit so far this year.
As of the close of trading yesterday, six of the domain stocks I track are up. Just three are down, and two of these are down just a couple percent. That means all but one domain name stock are beating the DOW this year.
Here’s a look at how domain name stocks are doing so far this year:
Centralnic (LSE AIM: CNIC) thanks Google’s selection of the abc.xyz domain for its holding company Alphabet for a strong performance this year. It opened the year 43.0p and is up 37% to 59.0p. It reports first half results on September 15.
Tucows (NASDAQ: TCX) has been on a run this year, opening at $19.47 and closing yesterday at $25.92, a 33% jump. Shares reached $32.23 before retreating. The bull market for Tucows stock has even convinced some of its employees to sell shares this year.
Verisign (NASDAQ: VRSN) is having a good year on the stock market. Shares opened the year at $57.23 and are up 20% to $68.94 as of the close of trading yesterday.
Rightside (NASDAQ: NAME) continues to trade in a wide band. It opened this year at $6.76 and has topped $10.00 numerous times. It closed yesterday at $7.75, up 15% on the year.
Web.com (NASDAQ: WWWW) shares up up 12% from $19.13 at the beginning of the year to $21.45 yesterday.
GoDaddy (NYSE: GDDY) began trading on April 1, and the stock closed the first day at $26.15. Shares opened today at $24.86. That’s up if you got in at the $20 IPO price, but down if you bought shares during trading the first day. I’ll include it in the “up” category for now.
Endurance International Group (NASDAQ: EIGI) shares are down so far this year. They opened at $18.50 and closed yesterday at $15.29. That’s a 17% drop.
Minds + Machines (LSE AIM: MMX) is trading in narrow territory. It opened the year at 8.50p and closed yesterday at 8.25p. That’s not bad given that co-founder Fred Kreuger has been dumping almost all of his shares after leaving the company.
Neustar (NYSE: NSR) is down just slightly, opening the year at $28.00 and closing yesterday at $27.25.