Godaddy Inc is trading 4.3% up at $87.61, rebounding sharply from a two-day selloff. The recovery comes even as new reports surface about legal scrutiny facing the company.
- The stock is bouncing back from two consecutive sessions of heavy losses earlier this week.
- The rebound occurs despite news on June 4 that law firms are investigating the company for potential securities law violations related to its promotional pricing for domains.
- This news follows a director's sale of stock on June 1, which was reported on June 4.