DMD Hits 52 Week Low | DomainInvesting.com
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DMD Hits 52 Week Low

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Demand Media, trading under the symbol DMD on the New York Stock Exchange, hit a 52 week low this morning, briefly trading at $6.85/share before bouncing off of the low. The company hasn’t been trading for a full year yet, but around the time of the IPO, it traded as high as $27.38/share.

Demand Media owns Enom, one of the largest domain registrars, which owns drop catching auction service, NameJet. There are several DMD executives who have experience with the domain industry.

Another Internet company that hit a 52 week low today was Friend Finder Networks (FFN). Google is trading just above its 52 week low of $473.02, and surprisingly, Yahoo is up today, as is the Nasdaq.

It should also be said that a majority of all Dow component stocks are down today.


About The Author: Elliot Silver is an Internet entrepreneur and publisher of DomainInvesting.com. Elliot is also the founder and President of Top Notch Domains, LLC, a company that has sold seven figures worth of domain names in the last five years. Please read the DomainInvesting.com Terms of Use page for additional information about the publisher, website comment policy, disclosures, and conflicts of interest.


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Comments (2)

    George Pickering

    Companies with significant Domain Registrar revenue are not looked favorable by Wall Street due to the high amount of deferred income. Web.com has taken a similiar beating.

    October 4th, 2011 at 1:05 pm

    Adi

    Don’t even want to look at the screen today…

    October 4th, 2011 at 1:50 pm

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