Google CEO Lawrence Page Sells 41,666 Shares (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 41,666 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were sold at an average price of $552.48, for a total value of $23,019,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Google (NASDAQ:GOOG) traded down 3.67% on Friday, hitting $536.10. 6,795,393 shares of the company’s stock traded hands. Google has a one year low of $518.46 and a one year high of $604.83. The stock’s 50-day moving average is $550. and its 200-day moving average is $550.. The company has a market cap of $360.3 billion and a price-to-earnings ratio of 29.28. Google also was the recipient of some unusual options trading activity on Thursday. Stock investors purchased 45,156 call options on the stock. This represents an increase of 154% compared to the typical daily volume of 17,774 call options.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank cut their price target on shares of Google from $665.00 to $625.00 in a research note on Friday. They now have a “buy” rating on the stock. Separately, analysts at CRT Capital cut their price target on shares of Google from $710.00 to $650.00 in a research note on Friday. They now have a “buy” rating on the stock. Finally, analysts at RBC Capital cut their price target on shares of Google from $710.00 to $670.00 in a research note on Friday. They now have an “outperform” rating on the stock.
Google Inc (NASDAQ:GOOG), is a global technology company.
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