GDDY LONG

GDDY has a double bottom and has been on the move since. In addition, please see below for the current NEWS on GDDY.

Activist investor Starboard Value LP has acquired a 6.5% stake in web services provider GoDaddy (GDDY) worth approximately $800 million, according to a report Monday in The Wall Street Journal.

The report said Starboard will use its influence to get the company to improve its performance. Shares of GoDaddy are up more than 4% in premarket trading.