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5/13/2015: The GoDaddy (NYSE: GDDY) share price opened at $20 on its April 1 debut. GDDY stock soared 30.8% that day to settle at $26.15.
Since the IPO, the GoDaddy (NYSE: GDDY) share price has been volatile. After closing above $26 on its first day, GDDY stock quickly tumbled. It fell 1.3% over the next two trading sessions and dropped 4% over the following week.
But GDDY shares have been surging recently. After hitting a low of $24.41 on May 6, the stock has gained 9.7% since. It currently trades near $27.
Despite the recent surge, there are two reasons to avoid GDDY stock: lack of profitability and increasing competition. The company lost $43.4 million from January to March. It lost a total of $143.3 million in 2014. For 2013 and 2012, the company reported losses of $199.9 million and $279.3 million.