JACKSONVILLE, Fla. -- Although the overall market plummeted Thursday, Web.com Group, a First Coast business, saw shares rise by 20 percent.
Its stock popped after announcing late Wednesday its plans to acquire privately-held Website services company Network Solutions for $560 million.
When the business was trading at $15.64 in May 2010, Jim Cramer of CNBC's Mad Money recommended investors avoid the stock because it was too expensive. He did, however, say it was worth buying on a pullback.
Sure enough, the stock fell to around $8 a share, giving investors a chance to buy before Wednesday's massive run.
Cramer wanted to learn more about Web.com's tremendous move to the upside. To do so, he spoke with CEO David Brown.
NBC Newschannel; First Coast News