Google stock hits record high, again
The stock market is not my thing, although I’d like to sound cool and say I have a diversified portfolio, sadly I don’t. What I do spend a few minutes a week on is checking what stocks are hot and what stocks aren’t. Why bother if I don’t have the money to invest right now? One day, I will have money and knowing the history of companies helps aid in decisions on who to invest in. One stock that has been an anomaly has been Google. Their stock, which was an IPO free-for all and never looked down. About this time last year a co-worker and I were discussing the GOOG stock price crossing over the $400 per share mark.
Monday October 8th at 9:48 in the morning Google’s stock hit $600.28, a 50% growth in a 12 month span, an amazing feat, even a more amazing feat considering this is not a penny stock and taking into account Google’s very publicized 1.3 billion dollar purchase of YouTube, a company that never even turned a profit.
Closing time on Friday the 12th had the stock at $637.39, it was $4 higher earlier in the day, but this is still an amazing growth. Personally, I don’t own any of this stock, I thought about buying four share in hopes that it would split last week when it was at $600, but that is $2,400 plus broker fees, as of this week it would have only made me about $140, not a great return on such a large investment, but not a bad one either. Where is the limit with Google though?
Out of curiosity, I wanted to find out what the highest price stock on the market was here in the US, Google doesn’t even come close. Berkshire Hathaway Inc. closed Friday at $127,100, up $1,600! NUTS.
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