Google shares fall despite analyst price upgrades
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Strong revenue growth for Web search leader Google Inc. prompted analysts to raise share price targets for the company on Thursday, but investors failed to take the cue, sending the stock down 3 percent.
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Google, Inc. significantly cut the expected share price for its initial public stock offering this morning, signaling lower-than-anticipated demand for the most highly publicized new stock since the late 1990s.
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U.S. shares were expected to open lower on Wednesday after crude oil pushed to a fresh high overnight, while Web search engine Google Inc. dented sentiment as it slashed the price range on its initial public offering. In a statement posted on its IPO Web site, Google said it had cut the range on its IPO to &#36;85-&#36;95 per share from &#36;108-&#36;135 previously, a 26 percent reduction at the mid-point of the range.
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Google Inc.'s fourth-quarter profit missed analyst expectations, signaling the crumbling U.S. economy has dented the Internet search leader's moneymaking machine.
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Google&#39;s (Nasdaq: GOOG) shares slid 3% Thursday as investors worried that the search-engine outfit may not be invincible after all.
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Google Inc. stock dropped more than 6 percent yesterday as tens of millions of new shares held by early investors and employees of the search engine giant became available for sale for the first time.
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Shares of Google Inc. GOOG.O  fell 6.67 percent on Tuesday, as selling restrictions were  lifted on 39 million shares held by employees and early  investors in the newly public Web search company.
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Google's final share price was $85, far off the target range of $108 to $135 a share that the company projected last month.
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Google Inc. shares came within a nickel of reaching $200 on Thursday before investors buckled to weakness seen throughout the technology sector as trading came to a close.
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SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering will not be as hot or big as expected, the Internet search giant slashed its estimated per-share price range and reduced the number of shares to be sold by insiders...
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Google Inc , the world's  top Internet company, on Thursday reported a  weaker-than-expected 17 percent rise in quarterly profit,  disappointing investors hungry for more and sending its shares  down 9.5 percent.
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In a sign that Google Inc. (GOOG)'s initial public offering will not be as hot or big as expected, the Internet search giant slashed its estimated per-share price range and reduced the number of shares to be sold by insiders.
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A surprise jump in hiring and  operating expenses shook investor confidence in Google Inc.   for the second time in its three years as a public  company, sending its shares down 6 percent on Friday.
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SAN JOSE, Calif. - In a sign that Google Inc.'s initial public offering isn't as popular as expected, the company lowered its estimated price range to between $85 and $95 per share, down from the earlier prediction of $108 and $135 per share...
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The Nasdaq extended the day's declines, sliding 2 percent as investors sold Google Inc.  after  Barron's newspaper said the stock was overvalued in a report published over the weekend.
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Shares of Google, the newly public Web search company, fell 6.7 percent as selling restrictions were lifted on 39 million shares held by employees and early investors.
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U.S. stocks dropped sharply on Monday, with the Nasdaq sliding 2 percent, as investors sold Google Inc.  shares after Barron's newspaper said the stock was overvalued and a disappointing sales forecast from Wal-Mart Stores Inc.  raised doubts about consumers' holiday spending.