I'm sure that those who had sold Google stock when it surged to $600 must have regretted, as almost no one is certain Google stock can gain $100 more with in a month
Google Inc. shares surged past $700, adding $100 in less than a month and confounding analysts who said it would take longer.
When Google topped $600 for the first time on Oct. 8, more than two-thirds of analysts tracked by Bloomberg predicted it would rise no higher than $625 within a year. The shares reached that level two days later and today [Oct. 31, 2007] climbed $12.23 to $707 on the Nasdaq Stock Market.
During that 6½-week stretch, Google has created an additional $53-billion in shareholder wealth. That dwarfs the total $41-billion market value of another Internet icon, Yahoo Inc. of Sunnyvale, Calif., which had a four-year head start on Google.
Sources: Bloomberg & theGlobeandMail
