What, Google announces a stock split … and the price goes down?
Down $15 as of this writing.
It appears that Google plans to issue non-voting stock going forward. The intention is to allow management to maintain control.
This is a 2-1 stock split that creates one of largest block of non-voting shares. Technically , it is a stock dividend. And there has been no date published.
Oh by the way, earnings were also announced.
| symbol | GOOG |
| last price | 900.62 |
| date | 6/18/2013 |
| time | 4:00pm |
| change | +14.37 |
| open | 888.65 |
| high | 901.00 |
| low | 888.35 |
| volume | 546 |
Google announce 3Q2011 financial results. Revenue was up 33% versus the same period last year – closing in on the $10B mark for the quarter. Lot of emphasis on mobile. CEO...
That’s what happens when you announce earnings and revenue that exceeds expectations. Of course, the opposite is true, we just won’t go there today … As...
This is getting to be a bad habit. Google stock price is down $40 as of this writing to $538.13. Google announced earnings of $8.08 per share. In the fickle world...
… are good, very good. Google’s earnings report mentions revenue at $7.29B. And in case they ever want to buy something, they have 33.4B in case or equivalents...
See what happens when you miss analysts estimates by 1% – Google stock takes a 5% beating, down $24 as of this writing. That’s right, Google earnings estimates...
Comments