Google Inc. (NASDAQ:GOOG) didn’t create much buzz in the market for its gadgets or devices; however it was in the news for a few unwanted reasons. The biggest news regarding Google was the law bomb that was dropped by the lawyers of those celebrity victims who suffered because of the iCloud scandal. That is right; Google was sued for the iCloud hacking. The photos were leaked online and were available to everyone; where does Google fit in? These photos could be accessed online using Google search engine. The lawyers warned Google and asked it to take the pictures down otherwise a lawsuit would be imminent. Google agreed and the photos were taken down, or at least this is what the sources say.
Google brought some good news for the tech-heads when the company announced that it will drop its cloud prices by 10 percent.
Google also gave us a preview of its Android L, which is according to rumors, would be iOS’ biggest competitor in the market. The new android will bring some exciting features like code encryption by default. It will also include Android TV, in-car platform Android auto and wearable computing platform Android wear.
Google opened its week on 29th September, Monday, starting off with 581.83 and going up by almost 8 percent to 589.31. During the stock took a dip and landed on 581.57. At the end of the day Google closed at 587.81 with an overall loss of 2 percent.
The following day, Tuesday, Google started off from where it left the previous day- 587.55 and improved by four percent but had an extraordinary loss of 7 percent during the day. At the end Google went home with an overall profit of 1 percent, closing at 588.41.
Wednesday, Google started off at 586.80 and rose up to 588.72. By midday Google suffered a major loss of 10 percent dropping down to 578.02. At the end Google closed at 579.63. It was quite unlike Google’s usual day at the stock market.
Thursday’s dawn brought some good luck for Google as it started off at 578.21 and went up by six percent to land at a value of 583.24. Google’s luck ran out when it lost almost 9 percent and plummeted to 574.05. Towards the end of the session the stock went up by six percent again and closed at 580.88.
The last day of the week, Friday, Google opened its trading session at 584.10 and jumped up by four percent to land at 588.29. Later on it lost 6 percent but regained 3 percent towards the end of the day, the final number was 586.25.
Google didn’t have a very active week in terms of news and rumors, but its stock value had a roller coaster ride. The share value took some sharp dips throughout the week; however the good news is that it always jumped back up to stand at a reasonable value – something investors like to see.
Even though nothing major is expected to happen next week, but it will be interesting to see how Google Inc.’s (NASDAQ:GOOGL) stock will perform.
