Google Stock Plummets, Falling 25%

Google’s stock price has had a terrible month, dropping from $710 on December 26 to $548 on January 23. From the stock’s all-time high of $741 on November 6, it had lost 27.68% of its value, well over $50 billion in market capitalization just gone. While the NASDAQ and other tech companies all had a rough start to the year, Google has out-plummeted them all, and failed to recover as well. The stock has rebounded, up $26 yesterday and $8 so far today, but it’ll be tough to fix a slam this bad.
I’d leave record highs for GOOG out of your forecasts for the near future, if I were you.

See original post by Nathan Weinberg