29 Aug '16, 6pm

Rightside (NASDAQ:NAME) shares down big in heavy volume

Heavy trading and steep losses for Rightside today. Shares of Rightside, the company that owns domain name registrar eNom, are down big with heavier-than-usual volume today. At 2:10 EDT shares are trading at $9.51, down $1.40 on the day (13%). Shares briefly traded below $9.00. Volume is over 650,000 shares, while the average volume (3 months) is only 73,685 shares. [Update: shares closed at $9.50 with 860k shares trading hands.] It’s possible that one of Rightside’s larger shareholders is dumping shares. Daniel Negari and Mike Ambrose of XYZ sold over 170,000 shares earlier this month at an average price of $12.00. They still owned a combined 800,000 shares after the sales, according to an SEC filing. They are no longer required to file with the SEC because they own less than 5% of the company combined. Other shareholders with more than 5% ownership include Frank Schillin...

Full article: http://domainnamewire.com/2016/08/29/rightside-nasdaqname...

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