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Google's stock hits record high of $800

Google's stock price reaches record high of $804

| Business, Financial & Legal News | Posted: Feb 19, 2013 10:02 pm

Google's stock continues to perform incredibly well, even while Apple's stock falters. Google's stock increased over 1 percent earlier this morning, topping out at $804.00. This is the first time the stock price has been over $800 and it shows no signs of stopping growing.

 

TweakTown image news/2/8/28634_1_google_s_stock_hits_record_high_of_800.png

 

The boost has come from renewed investor confidence that Google can continue to increase revenue and profit, even as cost-per-click continues to decline. What's really funny about this whole thing is that Google would actually like the stock price to be lower. They attempted to split the stock last year, but have been unable to due to a lawsuit alleging that a split unfairly gives too much power to co-founders Larry Page and Sergey Brin.

NEWS SOURCE
Mercurynews.com

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