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.

Originally published on InvestorsObserver.com



This article appears in: Investing , Options


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