GOOGLE: Shares soar 20 percent
Written on April 20, 2008
Google Inc.’s stock soared 20 percent Friday, restoring $28 billion in shareholder wealth.
Driven by stellar first-quarter results that surprised analysts, Google shares surged $89.87 to finish at $539.41. It marked the biggest one-day gain since Google’s initial public stock offering in August 2004, leaving the shares at their highest closing price since January 1500 payday loans.
Filed in: economics.