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”)
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.