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Wall Street Journal Reports Google's Earnings May Stall... Google Stock Drops -$17.50 per Share
Monday, December 18, 2006
Yet again analysts have predicted the obvious and yet again stocks of their target have nose dived. Based on reports by WSJ.com that Google's interest income "isn't likely to grow at the same rate as last year..." Google's share price dropped $17.50 on Monday representing a 3.64% decline. Google Inc. has seen some amazing fluctuations in its stock price over the past year. From a 52 week high of $513.00 to a low of $331.55, Google's stock price is always a topic for discussion.
The thing is Google continues to reinvent itself and while the Wall Street Journal reports that Google's earnings may stall, other such as Jim Cramer from Mad Money feel that the best numbers are still ahead. I am inclined to agree with the opinion of the later.
posted by Jody @ 7:02 PM  
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