Google CEO sells more than $55 million in shares


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Google CEO sells more than $55 million in shares

Bobby Raines 10/17/2013

Google ( GOOG ) CEO Lawrence Page has made several pre-scheduled sales of the company's common stock recently. Page sold blocks of 20,833 shares each on Oct. 14, Oct. 15 and Oct. 16. At prices between $867.53 and $898.01, Page pulled in a total of $55,140,762 from the sale.

IK-> The technicals for GOOG ($890.13 down $8.17) are bullish with a neutral trend. Recent support has been around $866.94 and recent resistance has been near $897.08. Standard & Poor's has a three STARs (out of five) rating on the stock. Look at the Dec. 1,000/1,010 bear-call spread for a 60-cent credit. That's a 6.38% return and the stock has to fall 12.3% to cause a problem.  [InvestorsKeyhole, Various news and data services]

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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