Google stock price $ 800 mark

The share of the technology giants, has reached $ 806.85 for the first time in the history of the company. Their stock closed on the NASDAQ in New York over the barrier of $ 800 Tuesday.

So far, the Californian-based company has accumulated 13% rise in share this year. However, the value of the firm increased by 30% in the past 12 months. The company has seen a lot of ups and down during the last decade.
Their shares reached $ 700 per share in 2007.

Founded in 1998 by Larry Page and Sergey Brin in order to organize information with an automated system, Google debuted on Nasdaq on August 19, 2004 at a price of $ 85 per share , meaning that there has been a 843% appreciation
in nine years.

Last week, the current CEO, Eric Schmidt, told the stock exchange authorities to sell half of its shares, 3.2 million shares, which will bring more than 3,000 million dollars. His company, despite being immersed
in the investigation and threatened by the European Union for possible penalties, continues to have the confidence of the investors given their true leadership in search and advertising.

In addition, Google are growing dominance in the emerging sectors of mobility, tablets and smartphones.

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Posted by Farasat Ali on Feb 20 2013. Filed under Sci-Tech. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry