Marchex gets smacked around in the stock market.
The stock market isn’t showing any love to Marchex, one of the world’s largest holders of domain names.
Shares closed today at just $6.38, down nearly 40% from their $10.57 opening price on August 15.
This is despite the company topping both earnings and revenue estimates for the third quarter in earnings released November 2.
The company is focusing heavily on its pay-per-call services.
Here’s how some other companies tied to the domain name industry have done during the same period:
Tucows (TCX) is up 6% to $.75
Demand Media (DMD) is down 24% to $6.99
Web.com (WWWW), which recently closes its acquisition of Network Solutions, is virtually unchanged at $10.57.
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