Google Heading Higher
by Ryan Perlowin
Google (GOOG) has been an incredible story for most investors since its IPO in 2004. The stock began trading nine years ago at $85 and made a precipitous four-year run to the mid-$700 level by late 2007, but just one year later was trading at levels $500 less when it reached a bottom of $247. Since touching those lows in late 2008, the stock has rallied to its current trading level of $830. The run has been fantastic - the stock has handily outpaced the broader market on the post-recession rally, more than tripling its value in four years. Is there room left to run? Or has the run just begun? Let's take a look. read more »
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