Google Inc. (NASDAQ:GOOG) and Yahoo! Inc. (NASDAQ:YHOO), which recently marked a new high on Wednesday, are included in the list of websites whose online advertisements help provide financial support to sites responsible for online piracy, according to a new report. In USC Annenberg Lab Advertising Transparency Report, Google has been found on the 2nd place while Yahoo took the sixth spot.
Annenberg Lab of University of Southern California released a report listing top websites that recorded the highest number of takedown requests under the Digital Millennium Copyright Act.[article_detail_ad_1]
Google shared its view with CNET that it hadn’t seen the report from the University of Southern California but called it a mistake to suggest the company’s ads are a major source of funds for pirate sites. The company said that the difficulty of online advertising has caused some to conclude mistakenly that the clear presence of any Google code on a site means financial support from the search engine giant.
Shares of Google (GOOG) traded up 2.24% during trading yesterday, hitting $723.25 on NASDAQ, whose benchmark S&P 500 added 36.23 points to 1,462.42 points. The latest closing price is 6.60% off the 52-week high of $774.38 and +29.96% above the 52-week low of $716.55. At that price, shares moved up 5.31% from the 50-day simple moving average and up 11.13% than 200-day average.
How a stock moves along with the market depends on its volatility and for this stock, the volatility of 1.50% was seen in a week and for the month was 1.59%. The majority of analysts covering GOOGstock believe it will struggle to hit 798.94.
A total of 2 million shares changed hands with price floating in a range of $566 – $577. However, its 30-day average volume stands at 4 million shares. During the past month the stock advanced 3.56%, bringing three-month performance to -4.14% and six-month performance to +24.68%.
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