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Alphabet Inc. Message Board

  • financesajeed financesajeed Mar 31, 2013 1:25 PM Flag

    Google: Market Review

    Although, the recent movement of Google Incorporation (NASDAQ:GOOG) is downtrend, if we follow the last 52 weeks, we find that the price is well above the lowest price as well as average price, though it is below the yearly high price. The issue is with a downtrend in stock price throughout the March 2013, Google Incorporation (NASDAQ:GOOG), #$%$ based world famous market leader has now became the talk of the table. Although the recent trade volume is in line with three months’ average trade volume, the matter of concern in the investors’ community is its recent declining trend of price. On March, 28 the price was 794.19 against fifty two weeks price range of $556.52-844.00. The company has still good fundamental as well as market support for business. Its core product is internet search engine, which is the most popular service across the globe. However, the company may face challenge to uphold its market share due to increasing competition which may causes to cautionary action by the investors. In the market, there are some big players like Apple, AOL, Microsoft, etc, which are taking market share with products and services specially by providing intellectual products. The industry participants have both opportunities as well as challenges to due to a little bit competition in the market. The other some small & medium companies are like SPEX, Capital Investment (MGT), Marathon Patent Group, Inc. (MARA), etc that is coming with prospects. They all are growing to capture regional as well as national market share by offering various type of products as well as services in the area of IP. However, as Google is very special one, very large one which are stepping in every corner in the glove to show business success and the recent price fall is a temporary price correction, which may turn up soon. I think the above price trend is a market correction due to profit taking by the investor.

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