Google Inc (NASDAQ:GOOG), world’s biggest search engine, is near to resolving charges by the United States Federal Trade Commission that it infringed antitrust regulations by attempting to block access to major smartphone-technology covered by patents it owns, according to 3 persons with knowledge about the issue.
The person, who refused to be identifies as terms of the deal are not final, reported that U. S. Federal Trade Commission will potentially report current week that it has made a consent decree that would limit Google’s ability to look bans against rivals products that rely on so-called standard essential patents.
The person reported that under debate issue was Google attempts to ban United States imports of Microsoft Corporation (NASDAQ:MSFT) and Apple Inc (NASDAQ:AAPL) products by claiming the gadgets violate patents owned by Google’s Motorola Mobility unit.
Its competitors include Facebook Inc (NASDAQ:FB) that slipped -1.00% to $27.67 with the total traded volume of 20.13 million shares and Yahoo! Inc. (NASDAQ:YHOO) that dropped -0.23% to $19.48 with the total traded volume of 5.45 million shares.
Other Technology stocks with bullish trend include Research In Motion Limited (USA) (NASDAQ:RIMM) up 0.04% to $12.60, Intel Corporation (NASDAQ:INTC) up 0.32% to $20.72 and Microsoft Corporation (NASDAQ:MSFT) up 0.22% to $27.37, whereas with bearish trend include Sprint Nextel Corporation (NYSE:S) down -0.72% to $5.53, Tellabs, Inc. (NASDAQ:TLAB) down -0.85% to $3.32 and EMC Corporation (NYSE:EMC) down -1.34% to $24.98.
Google Inc (NASDAQ:GOOG) dropped -0.31% or -$2.15 to trading at $694.52 following it hit intra day high level of $700.90. The total traded volume in the current trading session is 674,862.00 shares as compared to average 2.12 million shares. Its fifty two week trading range is $556.52 – $774.38. The total market capitalization reached $228.15 billion.
The stock price was ahead its 52 week low price with 25.03% and it lagged behind -10.14% from its 52 week maximum mark. Stock price volatility for last month remained 1.83%. In its share capital, the company has 328.59 million outstanding shares out of which 261.07 million shares have been floated in the market. For now, stock ownership with company’s management remained 0.06%.
GOOG presented an optimistic weekly performance of 0.85% with respect to its rate of return and it remained 5.11% for the month. However, the performance for a quarter experienced a negative change of -0.56% and it surged 13.12% for a year and its year to date performance remained in green with +7.89%.
Current stock price is in the upbeat territory taking into account of 20 days moving average with 2.97% and continued negatively run for 50 days moving average with -0.33%. Its earning per share for the past twelve months was $31.92. Company’s beta coefficient was at 1.08. Beta measures the amount of market risk associated with market trade.
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