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January 20, 2006
Shares of Google Suffer Largest One Day Percentage Drop Ever; Legal Issues Could Prove Costly; Many Still Bullish on Google
This Marketwatch.com story offers a review of a busy day of Google news.
First, we read that shares of Google suffered their biggest percentage loss ever today, down 8.5% or $36.92, to close at $399.46.
The drop wiped out about $11 billion in market value. The stock has dropped 16% since Jan. 11, when it peaked at an intraday price above $475.
The story then touches on the subpeona story and includes comments and quotes (even a video interview) from a couple of attorneys saying that fighting this case could prove to be expensive for Google.
Finally, even though today's drop was a record, quotes from a few analysts show that they remain bullish on GOOG.
Posted by Gary Price on January 20, 2006 7:38 PM
