July 29, 2014
Google Inc.'s stock price sailed past $600 for the first time this morning, extending a rally that has elevated the Internet search leader's market value by about $25 billion in the past month.
The Mountain View-based company's shares traded as high as $601.45 before slipping back a few pennies under $600 in trading this morning.
It marked the sixth time in the past 12 trading sessions that the stock has reached a new peak climbing on the lofty expectations for Google's third-quarter earnings.
The results are scheduled to be released October 18th.
Google shares have increased more than sevenfold from their initial public offering price of $85.