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Market Recap 12-16-14 Google hits a new 52 Week Low and Rightside down 8.85%

December 16, 2014 by Raymond Hackney

Market Recap 12-16-14

Google (GOOG) Hit a 52 week low today trading at $489, the stock closed at $495.39 down 3.58% on the day. J.P. Morgan lowered their target price on the search giant to $600. Seeking Alpha highlighted:

  • Among other things, Anmuth cites “the transition from desktop to mobile search, continued margin compression, and increasing competition from Facebook.”
  • The indirect challenge posed by Facebook to Google’s ad dollars was raised by some following Google’s Q3 miss. Meanwhile, Facebook’s Atlas (display ad-buying/measuring) and Audience Network (mobile ad network) platforms directly compete against Google’s DoubleClick and AdMob units.

Rightside (NAME) hit a new low today and traded down to $7.09 before closing at $7.21, a percentage loss of 8.85%.

Minds + Machines  up 3.47% MMX London  Close 7.24p
Marchex  up 2.03% MCHX Nasdaq  Close $4.02
Google  down 3.58% GOOG Nasdaq  Close $495.39
Web.com  down 1.62% WWWW Nasdaq  Close $17.60
Rightside  down 8.85% Name Nasdaq  Close $7.21
CentralNic  up 2% CNIC London  Close 41.25p
Tucows  up 0.28% TCX Nasdaq  Close $18.15
Verisign  down 1.68% VRSN Nasdaq  Close $55.54
Neustar  up 0.81% NSR NYSE  Close $26.12
United Internet  up 1.65% UTDI German XETRA  Close 36.08€

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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