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Market Recap 3-12-15 Neustar up 3.83% – Endurance Intl up 2.3%

March 12, 2015 by Raymond Hackney

Market Recap 3-12-15

Market bounced back today with the Dow up close to 1.5%, the domain stocks had a pretty quiet day.

Neustar (NSR) was up 3.8% on the day and closed at $22.49. The company came out today and alleged that the FCC withheld information regarding the Telcordia recommendation. This is a very big deal as the LNP (Local Number Portability) contract represents half of Neustar’s revenue. The final recommendation will be made March 26. Short sellers have been betting that Neustar would lose this contract which they have held for over two decades.

From BizJournals.com

NeuStar Inc. has accused the Federal Communications Commission of withholding critical documents regarding a staff recommendation earlier this month to award a lucrative contract to NeuStar’s rival.

The company claims it “sought this very information and was led to believe it did not exist,” according to an filing made with the FCC Thursday by NeuStar’s legal counsel.

Endurance Intl. (EiGi) bounced back after being down 5.6% yesterday, the stock closed up 2.3%

Minds + Machines Group… MMX 7.65 -0.22 (-2.86%)
Marchex, Inc. MCHX 4.16 -0.13 (-3.03%)
Web.com Group Inc WWWW 18.08 -0.16 (-0.88%)
Rightside Group Ltd NAME 7.62 0.00 (0.00%)
Centralnic Group PLC CNIC 34.00 -1.00 (-2.86%)
Google Inc GOOG 555.51 +4.33 (0.79%)
Tucows Inc. (USA) TCX 19.28 +0.11 (0.57%)
Verisign, Inc. VRSN 63.81 +0.60 (0.95%)
Neustar Inc NSR 22.49 +0.83 (3.83%)
United Internet AG UTDI 41.12* +0.12 (0.28%)
Endurance Intl. Group… EIGI 18.54 +0.43 (2.37%)

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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