Insider Selling: Google CEO Sells 33,332 Shares of Stock (GOOG)
Google (NASDAQ:GOOG) CEO Lawrence Page sold 33,332 shares of the company’s stock on the open market in a transaction dated Monday, July 14th. The shares were sold at an average price of $586.48, for a total transaction of $19,548,551.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Google (NASDAQ:GOOG) traded down 0.02% on Tuesday, hitting $584.78. The stock had a trading volume of 1,618,815 shares. Google has a 52-week low of $502.80 and a 52-week high of $604.83. The stock has a 50-day moving average of $564.9 and a 200-day moving average of $549.4. The company has a market cap of $394.4 billion and a price-to-earnings ratio of 30.65.
A number of research firms have recently commented on GOOG. Analysts at FBR Capital Markets initiated coverage on shares of Google in a research note on Monday. They set an “outperform” rating on the stock. Separately, analysts at Credit Suisse reiterated an “outperform” rating on shares of Google in a research note on Monday. They now have a $742.00 price target on the stock, up previously from $735.00. Finally, analysts at Deutsche Bank reiterated a “buy” rating on shares of Google in a research note on Friday. They now have a $625.00 price target on the stock. Five investment analysts have rated the stock with a buy rating, The stock has an average rating of “Buy” and a consensus price target of $675.60.
Google Inc (NASDAQ:GOOG) is a global technology company.
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