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Why LegalZoom Stock Was on Fire This Week

TheMotleyFool

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Why LegalZoom Stock Was on Fire This Week: https://g.foolcdn.com/editorial/images/866132/judge-banging-gavel-in-court.jpg

As a business that makes its coin by assisting with legal documents, it's appropriate that LegalZoom's (NASDAQ: LZ) stock has been rising over the past few days due to a contract it signed with a business partner.

Obviously encouraged by this deepening relationship, investors were snapping up LegalZoom shares. According to data compiled by S&P Global Market Intelligence, the stock rose nearly 16% over the week.

That partner is veteran online services company . LegalZoom announced on Thursday that it had become the sole legal services provider within GoDaddy's ecosystem.

Source Fool.com