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VeriSign Inc. (VRSN) Pulled Back After Government Transition

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The U.S. government announced late Friday it would relinquish oversight of the Internet's domain-naming system to a non-government entity.

VeriSign Inc. (VRSN: Quote), which offers domain name registry services, gapped open sharply lower Monday and sank in early trade, before settling into a range. The stock closed down by 3.17 at $51.68 on the highest volume of the year. VeriSign closed testing the lower end of over a 1-month range, but fell below its 200-day moving average.

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by RTT Staff Writer

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