In what seems to be a continuing saga of bad news for ICANN's new gTLDs (new generic top-level domains), leading new gTLD Registry operator, Rightside (NASDAQ: NAME) stock hit an intra-day low today of $6.54--see chart above--(the stock's all-time low is $6.42), finally closing at $6.80, down 0.40 (5.56%). It's been a rough ride for NAME stockholders since Rightside was spun off from Demand Media last year--the stock hit a high of $17.00 last year at the height of new gTLDs hype and mania and it's been mostly declining since then (see chart below). While there appeared to be no news affecting the stock, recent SEC filings, here and here, have raised questions. At least one commentator has speculated that the stock might become a "takeover candidate."
|1 year chart of Rightside stock - NASDAQ: NAME - chart source: google.com|
See also on Domain Mondo:
- New gTLD Domains, the Walking Dead and Dying, ICANN FY15 Results
- ICANN's New gTLD Domains Are Failing Badly, 2015 May Be Even Worse