Google share price exceeded $ 700

Google search share price on October 31 on the Nasdaq exceeded $ 700, amounting to 701.2 dollars per unit, Bloomberg reports. The reason for growth was the introduction of new services to advertisers and the expectation of entering the mobile market.

During the month the paper company rose more than $ 100 a year to date quotes rose by 51 percent. Mark of $ 600 share price crossed October 6. Two weeks later the company released its quarterly report, according to which its profit rose in the half.

Google 's stock price exceeds the expected annual earnings per share by 55 times. Compared with those of stocks Microsoft, Hewlett-Packard and Intel Corporation securities revalued twice.

Despite the high share price, most analysts offering to buy them, and some expect that the quotes will grow to $ 850 per share.

Google went public in 2004, placing shares at $ 84 apiece. At the first auction of the cost exceeded $ 100.
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