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Market Recap 11-10-14 Web.com up 2.27 % As One Insider Buys 1,440,000 Shares

November 10, 2014 by Raymond Hackney

Market Recap 11-10-14

Web.com (WWWW) was up 2.27 % major shareholder Okumus Fund Management Ltd. bought 1,440,000 shares of Web.com Group stock in a transaction dated Thursday, November 6th. The shares were purchased at an average cost of $15.69 per share, for a total transaction of $22,593,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

A number of analysts have recently weighed in on WWWW shares. Analysts at Citigroup Inc. reiterated a “buy” rating on shares of Web.com Group in a research note on Friday. They now have a $25.00 price target on the stock, down previously from $31.00.

(source)

Google (GOOG)  was up 1.20 % ending a string of 5 straight days down.

Minds + Machines  down 1.20% MMX London  Close 10.25p
Marchex  down 0.51% MCHX Nasdaq  Close $3.88
Google  up 1.20% GOOG Nasdaq  Close $547.49
Web.com  up 2.27% WWWW Nasdaq  Close $15.75
Rightside  up 1.63% Name Nasdaq  Close $10.00
CentralNic  No Trades CNIC London  Close 46.60p
Tucows  up 1.15% TCX Nasdaq  Close $15.84
Verisign  up 1.12% VRSN Nasdaq  Close $60.47
Neustar  up 0.68% NSR NYSE  Close $26.62
United Internet  up 1.15% UTDI German XETRA  Close 32.22 €

Disclaimer – Any stock price and market data provided on our website is for informational purposes only, and should not be relied upon for trading purposes. Historical and current stock price performance data is not necessarily indicative of future performance.

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Filed Under: Market Recap

About Raymond Hackney

Raymond Hackney has been involved with domain names since 1997. One of the most prolific writers in the domain industry and founder of TLDinvestors.com and 3Character.com

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