Google stock closes above $500
Mountain View-based Google closed at $509.65 last Tuesday, giving the search engine turned media long lasting a market capitalization of $156 billion and also making the eight year old firm, which is more valuable than Intel, Hewlett-Packard, Coca-Cola, Mitsubishi, Chevron and AT&T.
An investor who bought 10 shares of stock in the company’s during August 2004 Dutch auction style first public offering will now have turned his $850 into $5,040.80, a return of 493 percent on paper in little more than two years.
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