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Why VeriSign Rallied 11.1% in April
Shares of the internet address registry VeriSign (NASDAQ: VRSN) rallied 11.1% in April, according to data from S&P Global Market Intelligence.In the turbulent times following the April 2 "Liberation Day" tariff announcements, VeriSign's monopolistic, annuity-like business remained a safe haven for investors.In addition, the company delivered a better-than-expected earnings report and announced its first-ever dividend. In response, shares grew by double digits, greatly outperforming the S&P 500, which was down 0.68% in the month.Continue reading
Shares of the internet address registry VeriSign (NASDAQ: VRSN) rallied 11.1% in April, according to data from S&P Global Market Intelligence.
In the turbulent times following the April 2 "Liberation Day" tariff announcements, VeriSign's monopolistic, annuity-like business remained a safe haven for investors.
In addition, the company delivered a better-than-expected earnings report and announced its first-ever dividend. In response, shares grew by double digits, greatly outperforming the S&P 500, which was down 0.68% in the month.
