The Mountain View, California based Google Inc (NASDAQ:GOOG) beats $800 price tag for the first time as mobile computing bolsters expansion.
Shares of world’s biggest Web-search engine operator hiked 1.8% to settle at $806.85 in New York and marked the highest ending price since the search giant went public in August 2004. Google stock has surged 33% in the previous year, evaluated against a 12% boost for the Standard & Poor’s 500 Index.
Google is getting benefit as more advertisers place promotions on its website, supported by the higher number of users who access the service on smart phones and tablets.
ComScore Inc reported that the company grabbed 67% of the search market in the United States in January, while competitors Yahoo! Inc (NASDAQ:YHOO) and Microsoft Corporation (NASDAQ:MSFT) had below 30% combined.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Yahoo! Inc. (NASDAQ:YHOO) rose +1.31% to settle at $21.29, Microsoft Corporation (NASDAQ:MSFT) moved up +0.95% to end at $28.05 while Rediff.com India Limited (ADR) (NASDAQ:REDF) jumped +1.36% to finish at $2.98 on Tuesday.
Google Inc (NASDAQ:GOOG) on Feb 19, 2013 increased +1.76% to the closing price of $806.85. The overall volume in the last trading session was 2.93 million shares. Its fifty two weeks range was $556.52 – $807.00. The total market capitalization remained at $265.99 billion.
GOOG is ahead of its 52-week low with 44.98% and looking forward from its 52-week high price with 1.71%. GOOG’s last month’s stock price volatility remained 1.40%. In its share capital GOOG has 329.66 million outstanding shares, among them 264.18 million shares have been floated in market exchange. GOOG’s stock’s institutional ownership remained 85.46% while insider ownership included 0.05%.
The stock price of GOOG is moving forward from its 20 days moving average with 5.97% and remote positively from 50 days moving average with 10.06%. GOOG’s current year’s earnings per share experienced an addition with 9.10% while its current quarter performance remained at 24.66%. Company’s beta coefficient included 1.01. Beta factors measure the amount of market risk associated with market trade.
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