Ancestry.com Trades Down 5% on Heavy Volume

Shares of Ancestry.com

are under pressure during Monday's trading session, falling over 5 percent in mid-day trade. Volume is running at more than 90 percent of the daily average. Year-to-date, shares have risen almost 34 percent. The move in the stock could be related to the company's completion of its acquisition of Archives.com for approximately $100 million in cash and liabilities. The press release announcing the completion of the deal was announced on Friday after the market close. "Archives.com is a great addition to the Ancestry.com family. It is a fast-growing business that has expanded the addressable family history market through a simple and affordable approach," said Tim Sullivan, President and Chief Executive Officer of Ancestry.com. "We are excited to increase our ability to help more individuals discover their family history."