Welcome to WebProNews Breaking eBusiness and Search News
Advertise | Newsletter | Sitemap | News Feeds News Feed 
 WebProNews Search Part of the iEntry network iEntry inc. 

Google Stock Price Falls Big After Lockups Expire

Jeremy Muncy
Staff Writer
Published: 2004-11-16

WebProNews RSS Feed


Google's stock, GOOG, has plummeted more than 6 percent as selling restrictions were lifted on 39 million shares held by early investors and employees.

Analysts had predicted the stock would fall somewhat today as selling restrictions were lifted, but most investors were more concerned with Google in the near future.

"It's really the underlying fundamentals of the company that are more important than the supply and demand characteristics of the stock," said David Garrity, an analyst at Caris & Co. "I think it's very encouraging that everyone has known that these IPO lockup expirations were coming, yet we've seen the stock trade up meaningfully going into today."

"Tuesday's lockup expiration was part of a larger schedule to lift selling restrictions. The expirations will make many more Google shares available for trade by February 2005" stated analyst, Robert Becker of Argus Research Corp.

"I look at the numbers and I say, `Jeez," commented Alex Motola, of Thornburg Investment Management. "They've got another 24 million shares coming off every 30 days. That's a lot of supply."

"They do have really good fundamentals,'' said Alan Loewenstein of American Fund Advisors. "As the stock comes down, analysts are going to say it's cheap.''

Shares of Google briefly topped $200 this month, after going public at $85 a share.

Receive Our Daily Email of Breaking eBusiness News


About the Author:
Jeremy Muncy is a staff writer for WebProNews.com

WebProNews RSS Feed

More Articles

Contact WebProNews
Advertisement





TOP NEWS

Targeted Information for Business
WebProNews is part of the iEntry network

Internet Business: Marketing: Small Business:
WebProNews MarketingNewz SmallBusinessNewz
WebProWorld AdvertisingDay PromoteNews
EcommNewz SalesNewz EntrepreneurNewz

Software: Search Engines: Web Design:
WebMasterFree Jayde B2B DesignNewz
NetworkingFiles SearchZA FlashNewz
SecurityConfig SearchNewz WebSiteNotes

Developer: IT Management: Security:
DevWebPro ITManagement SecurityProNews
DevNewz SysAdminNews SecurityConfig
TheDevWeb NetworkingFiles NetworkNewz

The iEntry Network consists of over 100 web publications reaching millions of Internet Professionals. Contact us to advertise.
eBUSINESS RESOURCES






 Advertise | Contact Us | Corporate | Newsletter | Sitemap | Submit an Article | News Feeds
 WebProNews is an iEntry, Inc. ® publication - $line) { echo $line ; } ?> All Rights Reserved
About WebProNews
WebProNews is the number one source for eBusiness News. Over 5 million eBusiness professionals read WebProNews and other iEntry business and tech publications.

WebProNews provides real-time coverage of internet business.

Free Email Newsletters:
WebProNews SearchNewz
WebProWorld DevWebPro
Marketing SecurityNews
Plus over 100 other newsletters!

Send me relevant info on products and services.


WebProWorld
Ten most recent posts.

NetworkingFiles
Featured Software

WebProNews in the News
View all recent mentions of WebProNews from around the world!

Recent Articles On ...
Google eBusiness
Yahoo Ask Jeeves
MSN Blogs
Search Engines Blogging
Affiliate Programs Marketing
eCommerce Advertising
eBay Sun Microsystems
AOL Adsense
Microsoft Adwords
Oracle IBM
Amazon Apple
SEM Mac
SEO iPod
Adsense XBox
PR Adobe



iEntry.com WebProWorld RSS Feed WebProWorld Contact WebProNews Print Version Email a friend Bookmark us