Google Shares Crack $1,000 Barrier

A lot of people with Google stock are probably feeling wealthier this morning. The stock has just broken the long-anticipated $1,000 threshold.

This is based on some very bullish reports by investment analysts and Google’s nearly $15 billion quarter, announced yesterday.

GOOG $1000

The question now is whether GOOG can go much higher or whether this is a ceiling (and whether there will be a spit). Yesterday the stock was trading at $888. It’s up more than $100 today.

There will likely be some profit takers who send the stock down either later today or almost certainly on Monday.

Related Topics: Channel: Industry | Google | Google: Business Issues | Top News

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About The Author: is a Contributing Editor at Search Engine Land. He writes a personal blog Screenwerk, about SoLoMo issues and connecting the dots between online and offline. He also posts at Internet2Go, which is focused on the mobile Internet. Follow him @gsterling.

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