Dallas, Texas 07/08/2013 (Financialstrend) – According to the recently released Wall Street Report, Web.com Group Inc (NASDAQ:WWWW) announced the successful implementation of a digital wallet service by the company named MasterPass, which enables users to use any payment card or other device so as to enhance the shopping experience of the customers. While this type of digital wallet service was earlier reserved only for the Fortune 500 companies, Web.com Group Inc (NASDAQ:WWWW) used its advancement in technology to extend this service to small business customers as well through the partnership with MasterCard.
Shares of Web.com Group Inc (NASDAQ:WWWW) closed at $27.19 per share on Friday, recording an increase of 5.76 percent for the day. The stock price fluctuated during the day between $25.91 and $27.40, after opening at $26.12 on Friday. Shares of Web.com Group Inc (NASDAQ:WWWW) have a 52-week low price of $13.25 and a 52-week high price of $27.40.
As for the specific percentage of the equity ownership structure in the company, institutional owners hold around 98 percent of the total equity capital in Web.com Group Inc (NASDAQ:WWWW) and there are 49.73 million shares outstanding in the market. The company recorded an average volume of trading at 459,270.00 shares per day.
Web.com Group Inc (NASDAQ:WWWW) is an internet service provider for small and medium industries. Web.com Group Inc’s (NASDAQ:WWWW) varied services include domain name registration, search engine optimization, social media and mobile products, e-commerce solutions, call center services, website design and related solutions, together with subscription solutions. Web.com Group Inc (NASDAQ:WWWW) provides the web services and products on a subscription basis, serving more than three million subscribers. Web.com Group Inc (NASDAQ:WWWW) offers Do It For Me custom website design services, e-commerce services and Do It Yourself website and email hosting services for tech savvy users.