Goog Falls ~5% in One Day

Nov 30, 2005 • 9:29 am | comments (0) by | Filed Under Google News & Finances

A Reuters article named Google shares drop, biggest fall in year says;

Shares in Web-search leader Google Inc. slid 4.7 percent on Tuesday, their biggest decline in a year, on concern that the outlook for holiday sales may not be as strong as investors had hoped.

Expectations that U.S. retail sales activity following the Thanksgiving holiday may not be as strong as some analysts had predicted knocked Google down $19.94 to $403.54 in brisk turnover of 21.4 million.

Aren't people less likely these days to buy the day after Thanksgiving due to the ease of shopping online? I am no expert, so I will leave it at that.

Forum discussion at DigitalPoint Forums.

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