A Personal Blog
GOOG Up, Down
A trading glitch had Google trading as high as 140$, however the real opening price was a solid 100$. It’s now up 3% on that at roughly 103$ (I’m such a math whiz). Volume so far is a healthy 12 million shares.
You can get more info at Yahoo! Finance’s summary page.
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| Print article | This entry was posted by Jeremy Wright on August 19, 2004 at 10:01 am, and is filed under Business, IT Thoughts. Follow any responses to this post through RSS 2.0. Both comments and pings are currently closed. |
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about 7 years ago
Pretty crazy. So THAT’s why Yahoo shows them at like 150′ish even though the day’s high is 103 something. :p
about 7 years ago
Wasn’t the opening price $85? Or am I mis-understanding the whole stock exchange thing?
about 7 years ago
Yeah, it was supposed to be, but Google changed it at the last moment. They sold shares to investors for 85%, and then opened for the public at 100$, effectively giving everyone an immediate payout. Not sure how that works (honestly), or if it’s legal / ethical (as those who didn’t sell as part of the IPO can now sell for a higher price).
Ah well, not my game as I’m not part of this :)
about 7 years ago
Ah, I understand. So if I had gotten 1000 shares ($85,000) and immediately sold them at 100$/share, I would’ve immediately made $15,000 profit?
about 7 years ago
As I understand it yeah. You would have bought shares at 85$ and sold them at 100$ so yeah, a fairly decent profit.
about 7 years ago
A fairly decent profit in the span of a day =P