Just days after Google (GOOG) turned 14, shares topped the $700 mark for the first time since 2007. Shares hit a new 52-week high of $712.25 Friday. That's less than 5% below its all-time high of a little more than $747.
The stock may have lagged the broader tech market during the past five years, but it seems to be hitting a growth spurt in its teen years. Shares have spiked MORECatherine Tymkiw - Sep 7, 2012 12:07 PM ET
The opinions expressed in this commentary are solely those of Paul R. La Monica. Other than Time Warner, the parent of CNNMoney, and Abbott Laboratories, La Monica does not own positions in any individual stocks.
Happy 14th birthday, Google!
Sure, Google (GOOG) doesn't officially recognize its anniversary until September 27. That's when you'll see the celebratory doodle. But the search engine leader was incorporated on September 4, 1998. So as far as MOREPaul R. La Monica - Sep 4, 2012 1:40 PM ET
Even billionaire George Soros caught Facebook (FB) fever this spring.
The hedge fund manager purchased 341,000 shares of the social media company during the second quarter, according to SEC filings.
Hedge fund managers aren't forced to specify when during a quarter they purchased stakes in various firms. Still, it's safe to say that the investor who infamously made $1 billion shorting the British pound is under water on his Facebook bet.
Related: Warren MOREMaureen Farrell - Aug 14, 2012 7:13 PM ET
Shares of Yahoo (YHOO) were down Friday after the company's new CEO, Marissa Mayer, said she's reviewing Yahoo's business strategy.
That's not usually a bad thing but it's making investors nervous.
That might be because the review could lead to changes in the restructuring plan the company has already started to implement. It could also throw a wrench into a previously announced plan to return the cash it generated from a deal MORECatherine Tymkiw - Aug 10, 2012 11:58 AM ET
Facebook will release its first earnings report as a public company a week from Thursday. Based on how the stock has done recently (and in the two months since making its debut), you'd think that the social network was the next Research in Motion (RIMM), Nokia (NOK), Yahoo (YHOO) or Hewlett-Packard (HPQ) ... you know, tech companies with really questionable futures.
Shares of Facebook (FB) are down more than 10% in MOREPaul R. La Monica - Jul 18, 2012 1:00 PM ET
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