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Monday, September 29th, 2008

Google Shares Drop Below $400

 

Google shares are at a considerable low today. They opened with a value of $420 and by 12:26pm ET, had dropped below the $400 mark to $396.29 (according to a Google search for “goog”)

Google Shares, Sept 29, 2008: 12:26PM ET

At one point the stock had reached a new 52 week low of $395.34 – a far cry from the 52 week high of $747.24 set in November of last year. That’s a drop of more than $350 since the peak which is a lot of coin for all serious Google shareholders.

With this considerable low, perhaps now is the time to buy, but I have been thinking that for a few months now, and it seems to keep dropping. The last time Google shares were below $400 was back in Sept of 2006 according to Google Finance. With all the troubles over on Wall Street I am curious to see how much impact this will have on Google shares. I am no finance expert, in fact, far from it, but I see shares dropping further in the coming months.

UPDATE (Only minutes after original post)

I find it rather interesting how Google finance seems to be wrong. When I took the screenshot above it said the 52 week low was $395.34 – that was at 12:26pm ET on Sept 29, 2008. Take a look at the screen shot below, taken only 8 minutes later – it shows a 52 week low of $397.27. Guess it goes to show that Google Finance is a little off on their numbers.

Google Shares, Sept 29, 2008: 12:34PM ET

3 Responses to “Google Shares Drop Below $400”

  1. SEO Company

    Excellent post. Thanks for sharing.

  2. Scott Van Achte

    Today, just over a week later, Google closed at $346, down another $50. Wow, I bet the major shareholders are kicking themselves for not selling when it broke $700 – not even a year ago! Ouch.

  3. Scott Van Achte

    How Low Can You Go!

    Google shares are nearing the $300 mark now. (low today at the last check was $310). I know the stock market is crashing and everything is dropping, but still, it amazes me.

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