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.
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.