Google (GOOG), AMAZON (AMZN) Contending to get New Web Land

An extraordinary land snatch for latest Web addresses started to pick heat on Wednesday with ferocious battle for new internet real estate comprising of .app, .blog and .web from users anticipating to break the almost-monopoly of the .com top-level domain.

The determined intention to liberalize internet addresses brought in 1,930 applications, nearly most of them from north America, with Web leaders like Amazon and Google (NASDAQ:GOOG) asking for dozens of domains counting .cloud, .buy and .book.

According to critics, the latest suffixes are not likely to access, and few trademark possessors have criticized that the step is affecting them with unnecessary expenditure, at $185,000 per application plus running expenses, to preserve their online land.

Its competitors include Facebook Inc (NASDAQ:FB) that surged 0.95% to $27.66 with the total traded volume of 6.84 million shares and Yahoo! Inc. (NASDAQ:YHOO) that dropped -0.66% to $15.37 with the total traded volume of 5.79 million shares.

Other technology stocks with bullish trend include Frontier Communications Corp (NASDAQ:FTR) up 0.82% to $3.70, LSI Corporation (NYSE:LSI) up 0.92% to $6.55 and Vodafone Group Plc (ADR) (NASDAQ:VOD) up 0.26% to $37.31, whereas with bearish trend include EMC Corporation (NYSE:EMC) down -0.24% to $24.49, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) down -0.88% to $13.58 and Clearwire Corporation (NASDAQ:CLWR) down -5.04% to $1.13.

Google Inc (NASDAQ:GOOG) stock’s trade at beginning with a price of $561.72 and the current trading session slid almost 1% to $559.56.

Shares price of GOOG moved down from its 20 days moving average with -4.82% and remote negatively from 50 days moving average with -7.03%. GOOG current year earnings per share experienced an addition with 13.10% while its current quarter performance remained -8.53%. GOOG has a trade volume of 1.53 million shares.

GOOG last month stock price volatility remained 2.19%. In its share capital GOOG has 326.03 million outstanding shares among them 258.84 million shares have been floated in market exchange. GOOG stock institutional ownership remained 83.44% while insider ownership included 0.13%.

The stock is ahead its 52 week low with 19.11% and lagging behind from its 52 week high price with -15.94%. Company’s beta coefficient included 1.09. Beta factors measures the amount of market risk associated with market trade.

 

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