Google Stock Tops $650 a Share for First Time in Four Years

Matthew Weinberger

January 4, 2012

1 Min Read
Google Stock Tops $650 a Share for First Time in Four Years

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Google got a nice New Year’s surprise Jan. 3, 2012, as the stock markets opened with shares in the search giant topping $650 for the first time since January 2008, MarketWatch reports.

Followers of my weekly Talkin’ Cloud Stock Index updates have seen some of the roller coaster that’s been Google’s (GOOG) experience on the trading floor.

But MarketWatch has been monitoring Google since before TalkinCloud was a mote in our collective eyes, and apparently 2008 saw shares slide from more than $700, its all-time high, all the way to less than $400 per share. By the end of 2008, it had gone as low as $300 per share. And yet, by midday Jan. 3, Google had climbed back to $660, and by market’s close, it hit $665 per share. Obviously, Google had recovered somewhat, hovering around $550 or so for most of 2011, but it had yet to reach its previous heights.

MarketWatch credited this market coup to Google’s strong Android market growth and entry into social networking. I can’t say it’s wrong, with Google promising a strong focus on both in 2012, both for consumers and the enterprise.

I’m hoping Google’s good fortune will translate into similar success across the board for the Talkin’ Cloud Stock Index. Make sure to come back next Monday to see if my hope becomes cloud reality.

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