Insider Selling: Google CEO Sells 66,664 Shares of Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page unloaded 66,664 shares of the stock on the open market in a transaction dated Wednesday, June 11th. The stock was sold at an average price of $559.26, for a total transaction of $37,282,508.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
GOOG has been the subject of a number of recent research reports. Analysts at Nomura cut their price target on shares of Google from $700.00 to $675.00 in a research note on Wednesday, May 14th. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Sunday, April 20th. They now have a $625.00 price target on the stock.
Google (NASDAQ:GOOG) traded down 1.34% during mid-day trading on Thursday, hitting $551.35. 1,457,104 shares of the company’s stock traded hands. Google has a 52 week low of $502.80 and a 52 week high of $604.83. The stock’s 50-day moving average is $537. and its 200-day moving average is $541.. The company has a market cap of $371.9 billion and a P/E ratio of 29.28.
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