The Mountain View, California based Google Inc (NASDAQ:GOOG), world’s biggest search engine site owner, is designing a new phone, dubbed X Phone, to get on rivals the Cupertino, California based Apple Inc (NASDAQ:AAPL) and Samsung in the Smartphone market, a media report reported on Friday.
The Wall Street Journal reported by mentioning unnamed sources that Google has a team of engineers at Motorola developing the new device, which is anticipated to be launched sometime coming year.
Google Inc’s stock plunged almost 1% in afternoon trading session while shares of Apple, world’s most valuable company, plunged around 1.2%.
Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. Baidu.com, Inc. (ADR) (NASDAQ:BIDU) fell -1.14% to settle at $98.70, Yandex NV (NASDAQ:YNDX) moved down -0.76% to end at $22.15 while Blucora Inc (NASDAQ:BCOR) jumped +0.06% to finish at $15.44 on Friday.
Google Inc (NASDAQ:GOOG) on Dec 21, 2012 decreased -0.93% to the closing price of $715.63. The overall volume in the last trading session was 3.53 million shares. Its fifty two weeks range was $556.52 – $774.38. The total market capitalization remained at $235.15 billion.
GOOG is ahead of its 52-week low with 28.59% and lagging behind from its 52-week high price with -7.59%. GOOG’s last month’s stock price volatility remained 1.71%. In its share capital GOOG has 328.59 million outstanding shares, among them 261.07 million shares have been floated in market exchange. GOOG’s stock’s institutional ownership remained 85.76% while insider ownership included 0.08%.
The stock price of GOOG is moving forward from its 20 days moving average with 3.03% and remote positively from 50 days moving average with 3.53%. GOOG’s current year’s earnings per share experienced an addition with 13.10% while its current quarter performance remained at -1.72%. Company’s beta coefficient included 1.08. Beta factors measure the amount of market risk associated with market trade.
DO NOT TRADE ANY STOCK WITHOUT LEVEL 2 STOCK QUOTES! QuoteDaddy.com delivers it's user with the most in-depth Level 2 Quotation System available on the Planet! NO Downloads, NO Widgets, NO Plugins required! Stay on TOP of your trades with QuoteDaddy.com! CLICK HERE TO START YOUR FREE 30-DAY TRIAL