Google Inc. (NASDAQ:GOOG) does not intend to let the Galaxy Nexus to stay off the market for much time, but it has removed it from its online store in the light of a judge’s decision to stop sales of the newest smartphone.
The phone, which hit the market unlocked for $349 through the Google Play store, is now registered as “coming soon.” The step comes hours following District Court Judge Lucy Koh rejected to put a sales halt order on hold pending a petition by Samsung.
The Galaxy Nexus was architect by Google but is made by Samsung. Apple prosecuted Samsung over the device, claiming that it violates on four of its patents. Koh gave order that Apple is possibly to succeed and previous Friday gave a preliminary injunction stopping sales of the phone.
Its competitors include Facebook Inc (NASDAQ:FB) that surged 1.39% to $31.20 with the total traded volume of 8.77 million shares and Yahoo! Inc. (NASDAQ:YHOO) that moved up 0.88% to $15.98 with the total traded volume of 8.15 million shares.
Other Technology stocks with bullish trend include Seagate Technology PLC (NASDAQ:STX) up 2.34% to $25.13, Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE:TSM) up 1.19% to $14.44 and NVIDIA Corporation (NASDAQ:NVDA) up 2.64% to $13.80, whereas with bearish trend include Windstream Corporation (NASDAQ:WIN) down -0.41% to $9.78, Marvell Technology Group Ltd. (NASDAQ:MRVL) down -0.40% to $11.12 and SXC Health Solutions Corp. (USA) (NASDAQ:SXCI) down -0.12% to $96.86.
Google Inc (NASDAQ:GOOG) stock’s trade at beginning with a price of $580.01 and throughout the trading session climbed at a high of $588.41 other than when day-trade ended the stock finally advanced 1.27% to $587.83.
Shares price of GOOG moved up from its 20 days moving average with +2.91% and remote negatively from 50 days moving average with -0.40%. GOOG current year earnings per share experienced an addition with 13.10% while its current quarter performance remained -8.53%.
GOOG had a trade volume of 1.19 million shares was lesser as compared to average trading capacity of 2.35 million shares.
GOOG last month stock price volatility remained 1.73%. 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 83.49% while insider ownership included 0.10%.
The stock is ahead its 52 week low with 22.31% and lagging behind from its 52 week high price with -12.30%. Company’s beta coefficient included 1.08. Beta factors measures the amount of market risk associated with market trade.
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