Google (NASDAQ:GOOG) Stock Plunges on Computerized-Trading Error – GOOG, BIDU, YNDX, YHOO

Google Inc (NASDAQ:GOOG), the world’s biggest search engine giant, stock tumbled almost 3.1% and then reversed most of the plunge within a second in a series of transactions that spurred fears the stock was hit by a computerized-trading fault.

The Mountain View, California based Google tumbled as low as $775 in 2 trades totaling 210 per shares at 9:37 AM New York time and then recovered most of the loss within the similar second, as shown in the Bloomberg gathered data.

Shares of the company opened the session with a gain, hiking to record high $803.96 per share. It finished high 24 cents per share at $800.11 at 4 PM in New York.

Shares of search giant moved up 4.4% on April 19 after the corporation announced profit that surpassed Wall Street forecasts as advertisers hiked spending on mobile and video promotions.

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 -0.89% to settle at $85.66, Yandex NV (NASDAQ:YNDX) moved down -0.15% to end at $20.07 while Yahoo! Inc. (NASDAQ:YHOO) jumped +2.05% to finish at $23.95 on Monday.

Google Inc (NASDAQ:GOOG) on April 22, 2013 increased +0.03% to the closing price of $800.11. The overall volume in the last trading session was 2.88 million shares. Its fifty two weeks range was $556.52 – $844.00. The total market capitalization remained at $264.84 billion.

GOOG is ahead of its 52-week low with +43.77% and lagging behind from its 52-week high price with -5.20%. GOOG’s last month’s stock price volatility remained 1.78%. In its share capital GOOG has 331.01 million outstanding shares, among them 266.67 million shares have been floated in market exchange. GOOG’s stock’s institutional ownership remained 86.27% while insider ownership included 0.07%.

The stock price of GOOG is moving forward from its 20 days moving average with +0.80% and remote negatively from 50 days moving average with -0.15%. GOOG’s current year’s earnings per share experienced an addition with 9.10% while its current quarter performance remained at +13.57%. Company’s beta coefficient included 0.94. Beta factors measure the amount of market risk associated with market trade.

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