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April 13, 2012 09:21 pm GMT
CEO Larry Page did a good soft-shoe routine yesterday explaining the company's new stock-split scheme amid results that generally beat expectations, but some investors are not buying it. The stock at the moment is trading nearly four percent down (around $23) at the time of writing.Part of this could be to do with classic investing behaviour: investors were hungrier for the stock before results in anticipation of good news and that drove up the price. Just before the results, the stock had a five-day high of $651 per share. Now they are trading at around $627.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CDdjIqBDqUA/
The Day After: Google Stock Down Nearly 4% After Stock Split News
CEO Larry Page did a good soft-shoe routine yesterday explaining the company's new stock-split scheme amid results that generally beat expectations, but some investors are not buying it. The stock at the moment is trading nearly four percent down (around $23) at the time of writing.Part of this could be to do with classic investing behaviour: investors were hungrier for the stock before results in anticipation of good news and that drove up the price. Just before the results, the stock had a five-day high of $651 per share. Now they are trading at around $627.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/CDdjIqBDqUA/
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