Google Stock Price: Google Stock Jumps Over $800 Mark

Google Stock Price: Sergey BrinYesterday, we published a story about Google Inc (NASDAQ:GOOG) exploring the idea of opening retail stores. Today, there is more news concerning the search engine giant. For the first time ever, shares of Google passed $800.

Around 10:15 am EST this morning, the company’s stock hit $803. Is it possible that Google was finally able to reach this mark because of the retail store announcement? Was this enough to give Google stock the boost it needed?

Five years ago, Google Inc (NASDAQ:GOOG) stock reached $700 a share. While it took a while to hit the $800 mark, the company, as well as investors, has to be happy with this.

ABC News online recently published information from Aaron Kessler, senior research analyst with investment firm Raymond James, talking about how investors have become more comfortable with the company’s mobile business after better than expected four quarter earnings.

Kessler is quoted as saying:

“The Android ecosystem is doing pretty well. It continues to gain market share so it’s hard to say if that will really help them more.”

In addition to Kessler, the same article quotes Rick Summer, analyst with Morningstar, discussing investor sentiment towards Google Inc (NASDAQ:GOOG).

“As the year unfolds, we expect investors to divert their focus towards profitability.”

With that in mind, the article did add the following:

“However, Summer said the stock no longer represents a compelling “buy,” in Morningstar’s judgment, so it is a three-star “hold.”

It will be interesting to see what the future holds for Google Inc (NASDAQ:GOOG) stock. Will its stock stay steady above $800 or fall back? Will any additional news regarding the potential for retail stores make much of a difference?

Check back here for more updates on Google Stock Price.

Share your thoughts on this news in the comment section below.

DISCLOSURE: I have no positions in any stock mentioned.

For related stories, visit the following links:

Google’s Web Search Clash with Baidu

Google’s Eric Schmidt to Sell Big

Is Google Forcing a Mobile Question?

Dividend Stock Alert - Billionaire Robbins' Top Dividend Idea With 70% Upside Potential

Get Paid 3.5% Per Year While Waiting For The Stock Appreciate 70%

Larry Robbins' Glenview Capital Opportunity Fund returned 101.7% in 2013 and Robbins personally made $750 million. The same fund returned 25.3% in 2014. In this FREE REPORT we will share Robbins' top dividend idea that yields 3.5% and has been increasing its dividends for 39 consecutive years. Robbins thinks the stock has the potential to appreciate 70%.

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Click Here to Read Comments
X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!