December 3, 2008
Shares of Google (GOOG) are still languishing in the red today. The stock has plunged more than three percent and taken out potential support at the 490 level on news that a negative article in Barron's over the weekend that stated that the shares held an "exceedingly rich valuation." This is bad news for GOOG, as the 490 level acted as some pretty staunch overhead resistance for the equity from
Volume Spikes: STEL RRGB WFMI ISPH
The following companies showed unusually heavy volume in trading Friday on the Nasdaq around noon. Higher-than-normal volume can indicate increased activity by institutions such as mutual funds and insurance companies.
Hot rumors of Microsoft-Yahoo! merger, then cold splash of reality
Rumors of a Microsoft-Yahoo! merger led to some frenzied stock trading before the speculation was doused. Analysts, meanwhile, debate the pros and cons of a partnership.
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