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“However, Summer said the stock no longer represents a compelling “buy,” in Morningstar’s judgment, so it is a three-star “hold.”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

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

The Top 10 States With Fastest Internet Speeds

10 Best Places to Visit in USA in August

Top 10 Cities to Visit Before You Die

Top 10 Genetically Modified Food In the US

15 Highest Grossing Movies Opening Weekend

5 Best Poker Books For Beginners

10 Strategies Hedge Funds Use to Make Huge Returns

Top 10 Fast Food Franchises to Buy

10 Best Places to Visit in Canada

Best Summer Jobs for Teachers

10 Youngest Hedge Fund Billionaires

Top 10 One Hit Wonders of the 90s

Fastest Growing Cities In America

Top 10 U.S. Cities for Freelancers

Top 9 Most Popular Free iPhone Apps

Top 10 Least Expensive Private Business Schools in the US

Top 15 Most Expensive Countries in the World – 2014

Top Businesses to Invest In

Top 5 Things You Might Be Doing Wrong With Your Business

Top 5 Strategic Technology Trends in 2014

Top Rags to Riches Stories

Parenting Behavior That Promotes Future Leaders

Top 5 Mistakes Made by Small Businesses

Top 5 Most Common and Potentially Devastating Financial Blunders

Top 5 Highest Paying Jobs for Web Designers

Top 6 Most Respected Professions that Also Pay Well

Top 5 Pitfalls Investors Should Avoid

Top 6 Lawyers and Policy Makers Under 30

Top 6 New Year’s Resolutions for Entrepreneurs

Top 7 Locations to Check in on Facebook

Top 5 Mistakes made by Rookie eBay Sellers

Top 7 eBook Publishers in 2013

Top 6 Health Industry Trends in 2014

5 Lessons for Entrepreneurs from Seth Godin

Top 5 Success Tips from Jordan Belfort – the Wolf of Wall Street

Best Master’s in Finance Degree Programs

Top 6 Earning Celebrities Over 50

The most expensive sports to play

Top 7 Earning Celebrities Under 25

Best 7 Online Courses to Take: Free Finance MOOCs

Top 6 Bad Habits that Promote Failure

20 Most Valuable Soccer Teams in the World in 2013

12 Most Expensive Countries for Foreign Students

Top 30 Most Influential Women in the World

Top 20 Most Expensive New Year Eve Shows

Top 5 Best Vocational Careers

Top 10 Jobs for 2014 by Salary Gain (Predictions)

Top 5 Digital Trends for 2014

Top 6 Things You Can Do To Increase Your Productivity

Top 9 Trending Smartphones in 2013

Subscribe

Enter your email:

Delivered by FeedBurner

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 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!