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Google CEO Sells 33,332 Shares

Nov 18 2014

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Google CEO Larry Page sold 33 thousand shares for over $18 million last week in a disclosure statement to the SEC. He got 552.88 per share when he sold the Google stock and still owns a large number, 190 thousand worth over $105 million. The stock is currently near the 50 day moving average with a downward trend over the past 30 days. Their last quarter earnings missed consensus reports of $6.55 a share, coming in at $6.35 per share. Long term is hard to predict with the coming acquiring a number of companies and working to make its search business more profitable.

Revenue was also a little light for the quarter reported, coming in at $16.52 billion with analyst looking for $16.59 billion. Analyst from FBN Securities and Morgan Stanley have reduced their expectations while keeping their ratings similar for the company going forward. Most analyst view the stock as  a Buy with only one analyst feeling it is a Strong Buy.

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