FMP
Nov 19, 2024 5:10 PM - Andrew Wynn(Last modified: Nov 20, 2024 9:45 AM)
Image credit: Simon
The U.S. Department of Justice (DOJ) is considering asking Google, listed as NASDAQ:GOOGL, to sell its Chrome browser. This is part of an investigation into Google's search monopoly. Chrome is a key part of Google's internet services, and its potential sale could be a major development in the case. This scrutiny is part of broader efforts to address concerns over Google's dominance in the search market.
The potential sale of Chrome could serve as a bargaining chip in negotiations with the DOJ. This development highlights the increasing regulatory pressure on Google to address antitrust concerns. Despite these challenges, GOOGL's stock price is currently $176.42, reflecting an increase of 0.64% or $1.12. This suggests that investors remain confident in the company's ability to navigate these regulatory hurdles.
Today, GOOGL's stock has traded between a low of $173.56 and a high of $177.16. Over the past year, the stock has reached a high of $191.75 and a low of $127.90. This range indicates the volatility that GOOGL has experienced, possibly due to ongoing regulatory scrutiny and market conditions. However, the company's market capitalization remains strong at approximately $2.17 trillion.
The trading volume for NASDAQ:GOOGL on the NASDAQ is 10,487,319 shares. This high volume suggests that there is significant interest in the stock, despite the potential regulatory challenges. Investors may be closely watching the developments in the DOJ investigation and the potential sale of Chrome, as these could have significant implications for Google's future.
May 14, 2024 11:41 AM - Sanzhi Kobzhan
A stock's target price, also known as its fair value, is an indication of what a share can cost based on the company’s forecasted financial statements. It is important to know a stock's fair value to find undervalued stocks with great growth potential. Let's consider how investment analysts calculat...
May 24, 2024 9:30 AM - Rajnish Katharotiya
Earnings call transcripts are invaluable resources for investors, analysts, and financial enthusiasts. They provide insights into a company's performance, strategy, and future outlook, making them essential for making informed investment decisions. With Financial Modeling Prep, Earnings Call Transcr...
May 27, 2024 3:30 PM - Rajnish Katharotiya
In the ever-evolving world of technology, certain sectors have consistently demonstrated exceptional growth and innovation. The graphics processing units (GPUs) industry is one such sector, offering investors a golden opportunity for potentially high returns. In this blog, we'll delve into why inves...