Insider Selling: Lawrence Page Sells 41,670 Shares of Google Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 41,670 shares of the stock in a transaction dated Thursday, April 17th. The stock was sold at an average price of $541.62, for a total transaction of $22,569,305.40. The sale was disclosed in a filing with the SEC, which is available at this link.
Shares of Google (NASDAQ:GOOG) traded down 3.67% during mid-day trading on Friday, hitting $536.10. The stock had a trading volume of 6,795,393 shares. Google has a 1-year low of $518.46 and a 1-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 P/E ratio of 29.28. Google also saw some unusual options trading on Thursday. Investors acquired 45,156 call options on the stock. This represents an increase of 154% compared to the typical volume of 17,774 call options.
A number of research firms have recently commented on GOOG. 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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