Reglikedomain industry desk

Communicate.com Stock Jumps, Others Flat

Stock soars 45% in less than one month, firm discloses fresh COO.

Shares of domain name firm Communicate.com (OTC: CMNN.ob) have skyrocked 45% to $2.50 at the close of the markets yesterday. Less than a month ago the stock dropped to $1.72 following announcing dissapointing earnings. Shares are now just below their 52 week high of $2.65.

Communicate.com’s shares have been on a tear since announcing Geoff Hampson joined the firm as its fresh CEO. Hampson invested $1M in the firm when he joined. On Tuesday the firm disclosed that Jonathan Ehrlich will be its fresh President and Chief Operating Officer. Ehrlich was previously Executive Vice-President, Online at Indigo Books & Music Inc. (Toronto:IDG.TO – News).

Unfortunately, other domain name stocks aren’t fairing as well. Marchex (NASDAQ: MCHX) closed at $9.04 yesterday, near a 52 week low. Shares were $12.20 on August 9 ahead of announcing earnings. Shares of Tucows (AMEX: TCX) closed yesterday at $.98, well below their price ahead of the firm’s most recent earnings notice.

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