Google Inc (NASDAQ:GOOG) on Thursday reported a fresh trait for Android applications presented through the Google Play store. Available from right now for Android developers, in-app subscriptions would permit customers to pay for monthly or annual subscriptions straight inside of apps. And as in depth by Google, the characteristic is knuckle down auto-renew by non-payment with transactions handled by the Google Play store.
As well as adding a latest level of expediency, the move opens the door to added revenue streams and even original types of content through Google Play.
Looking forward, the Google’s report could attract magazines and news journals to present subscriptions to users directly through Google Play.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Frontline Ltd. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) fell -3.30% to settle at $118.26, Microsoft Corporation (NASDAQ:MSFT) moved down -0.14% to end at $29.07 while AOL, Inc (NYSE:AOL) decreased -0.32% to finish on Thursday at $27.61.
Google Inc (NASDAQ:GOOG) on May 24, 2012 it increased -0.95% to the closing price of $603.66. The overall volume in the last trading session was 1.89 million shares. Its fifty two week range was $473.02-$670.25. The total market capitalization remained $196.81 billion.
GOOG is ahead its 52 week low with +27.62% and lagging behind from its 52 week high price with -9.94%. GOOG last month stock price volatility remained 2.16%. 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 83.27% while insider ownership included 0.11%.
The stock price of GOOG is moving down from its 20 days moving average with -1.00% and remote negatively from 50 days moving average with -2.79%. GOOG current year earnings per share experienced an addition with +13.10% while its current quarter performance remained 0.02%. Company’s beta coefficient included 1.06. Beta factors measures the amount of market risk associated with market trade.
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