|Google has the best day in stock-market history|
yes!, its official!!! - Google has the best day in stock-market history
Just last week, GOOGLE the well recognized Internet giant on track to surpass half-trillion-dollar valuation. It skyrocketed from 580 to 672 in 1 day. WOW.
Google Inc.’s stock closed at a record $699.62 on Friday, delivering $66.9 billion to investors in one day — a record for Wall Street.
Here, have a look at the chart. Pretty impressive, and important not to wright off the bulls yet in 2015.
|Google daily chart. - WOW|
Shares of Google GOOGL, +16.26% GOOG, +16.05% skyrocketed 16.3% on Friday, the company’s biggest one-day percentage gain since April 2008. The increase raised Google’s market capitalization by $66.9 billion to $478 billion, according to FactSet.
The one-day market cap gain is the largest on record, eclipsing Apple’s one-day market-cap gain of $46 billion on April 25, 2012, and Cisco Systems Inc.’s CSCO, -0.49% $66.1 billion valuation gain on April 17, 2000, according to The Wall Street Journal. The market-cap gain is bigger than the valuations of more than 400 companies in the S&P 500, including major corporations such as Caterpillar Inc. (market cap: $50 billion) CAT, -0.72% Ford Motor Co. ($58 billion) F, +0.82% and Netflix Inc. ($49 billion) NFLX, -0.90% .
Analysts applauded Google’s new chief financial officer, Ruth Porat, for her comments on reducing expenses and hinting at capital returns down the road, saying that those remarks back up the company’s commitment to improving margins and delivering value to shareholders.
Probably one to keep an eye on in the next year or so.
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