Internet

Try Jim Cramer's Action Alerts PLUS
CLICK HERE NOW

Google Shares Top $600

10/08/07 - 02:32 PM EDT

TSC Staff

Shares of Google(GOOG - Cramer's Take - Stockpickr) traded above the $600 mark for the first time Monday, buoyed by the strength of its search business and investor hopes that the stock can continue its recent climb.

Shares were recently up $8.15, or 1.3%, to $602.20.

Google's stock first reached the $500 threshold in November 2006 following a strong fourth-quarter performance. The stock began trading at $85 after its IPO in late 2004.

Shares first crossed the $400 mark in November 2005.

The company has seen more bullish sentiment amid its recent rise. Shares are up nearly 20% since August lows, following a quarter in which the company missed Wall Street's forecast. Last week, Bear Stearns analyst Robert Peck forecast that shares will reach $700.

TheStreet.com's Jim Cramer has predicted the stock will reach $701 -- the highest estimate on Wall Street.


Life & Money

Internet

Go To Section Home


10/03/07
Big Start for Constant Contact

The IPO soars 89%.


10/03/07
eBay Heals Skype Scar

The auctioneer's write-off should return focus to its strong marketplace business.


10/02/07
TheStreet.com Announces Management Changes

President Jim Lonergan is leaving.


08/05/08
Three Internet Stocks That Could Double

These forgotten Internet stocks are being accumulated by hedge funds.


08/15/08
The Five Dumbest Things on Wall Street

Raspberries for Apple; You'll be sorry, UBS; Fortress or Fort Knox? Wholly unappetizing Foods; give Liberty AOL or give them...


08/15/08
McCain Fund-Raising Picks Up

The GOP presidential candidate raised $27 million in July.


08/15/08
Cash-Back Cards Aren't Money in the Bank

Some credit and debit cards give you some cash back on purchases. But you need to manage it well to benefit from it.


Your Recent Quotes: Quote Up0 | Quote Down0
Dow S&P 500 NASDAQ
Oil*
Gold
10 Yr
0.00%
%
%
%
Data delayed 20 min
Sign up for our FREE newsletters now. See All

  • Cramer's Daily Booyah!
  • Before the Bell

Premium Stock Ideas
Access Action Alerts Plus to find out Cramer’s latest picks now!