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Web.com Group (WEB) Surged To A 4-Month High On News Of Starboard Stake

Web.com Group (WEB) gapped up at the open Monday and spiked higher in early trade on the news that Starboard Value owns a 9.4 percent stake in the company.

Web.com Group settled into a range after the initial jump and ended the day with a gain of 2.40 at $23.45 on the highest volume of the year. The stock leaped to a new high for the year.

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