Here’s Why Endurance International Stock Went Up 18% on Monday
![a close up of a hand: Here's Why Endurance International Stock Went Up 18% on Monday](https://www.msn.com/{"default":{"load":"default","w":"80","h":"40","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19vVOg.img?h=402&w=799&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"31","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19vVOg.img?h=314&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"31","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19vVOg.img?h=314&w=624&m=6&q=60&o=f&l=f"}})
© Provided by The Motley Fool
Here’s Why Endurance International Stock Went Up 18% on Monday
What happened
Web-hosting company Endurance International Group (NASDAQ: EIGI) is thinking about selling itself to another player, and that sent shares higher on Monday. The stock has lost over 50% of its value over the past five years, showing its long-term struggles. But investors celebrated the rumored sale by sending the stock 18% higher for the session.
So what
According to a Bloomberg report citing anonymous insiders, Endurance International is open to the idea of being acquired, two years after considering it the first time. The company owns well-known brands like Bluehost and HostGator, platforms enabling its users to develop a web presence. However, it hasn’t been able to monetize its properties of late.
![a close up of a hand: A businessman draws an upward arrow over a stock chart displayed on a transparent touchscreen.](https://www.msn.com/{"default":{"load":"default","w":"70","h":"35","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19vVOl.img?h=351&w=700&m=6&q=60&o=f&l=f"},"size3column":{"load":"default","w":"62","h":"31","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19vVOl.img?h=313&w=624&m=6&q=60&o=f&l=f"},"size2column":{"load":"default","w":"62","h":"31","src":"//img-s-msn-com.akamaized.net/tenant/amp/entityid/BB19vVOl.img?h=313&w=624&m=6&q=60&o=f&l=f"}})
© Getty Images
A businessman draws an upward arrow over a stock chart displayed on a transparent touchscreen.
Full-year revenue