Google Shares Crack $1,000 Barrier
A lot of people with Google stock are probably feeling wealthier this morning. The stock has just broken the long-anticipated $1,000 threshold. This is based on some very bullish reports by investment analysts and Google’s nearly $15 billion quarter, announced yesterday. The question now is whether GOOG can go much higher or whether this is […]
Greg Sterling on October 18, 2013 at 10:55 am | Reading time: 1 minute
A lot of people with Google stock are probably feeling wealthier this morning. The stock has just broken the long-anticipated $1,000 threshold.
This is based on some very bullish reports by investment analysts and Google’s nearly $15 billion quarter, announced yesterday.
The question now is whether GOOG can go much higher or whether this is a ceiling (and whether there will be a spit). Yesterday the stock was trading at $888. It’s up more than $100 today.
There will likely be some profit takers who send the stock down either later today or almost certainly on Monday.
Opinions expressed in this article are those of the guest author and not necessarily MarTech. Staff authors are listed here.
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Greg Sterling is a Contributing Editor to Search Engine Land, a member of the programming team for SMX events and the VP, Market Insights at Uberall.