No doubt, YouTube has grown to be deeply involved with a lot of news happening across the globe. Google Inc (NASDAQ:GOOG) has recently shared some insights into how its services were used by journalists to spread information. The search engine giant along with other social networks has now turned into a global newsroom, compared to years ago where it was a “global living room”.
YouTube claims that the search box and their subscriptions are being used by 800 million users to better understand and get a view on what happened. Especially, it confirmed efforts to provide help in giving reporters the chance to quickly upload videos as soon as possible using their mobile device so that viewers can have a better understanding what it’s like being there when leaders are angry, sad, or when historical events happen.[article_detail_ad_1]
In this year, a number of milestones were hit, including the one billionth view on the Associated Press’ YouTube channel, something that has not been done in the network’s history with an exception of a few dozen channels.
Where the stock stands now?
The Google (GOOG) stock closed at $721.07, up 0.29 points or 0.04% from previous close and at a distance of +5.02% from 20-day simple moving average. In the last trading session, the stock’s price moved 11.58% above its 200 day moving average, changing hands as low as $715.05 per share. The stock is currently trading 3.92% up its SMA 50.
The share price performance over the last 12 months
The percentage change in the price over the past fifty two weeks remained at +15.22%. The price range in the same period had a highest hit of $774.38 on Oct 05, 2012 while lowest level during that period was $556.52 on Jun 14, 2012. The 1-year target price estimate, which is the median price target, as set by analysts covering the stock is $800.00. The stock in last 12 months gained 16.39% and has advanced 11.64% since the beginning of this year.
How the market shifts persuade this stock?
This stock is more risky when compared to the shifts in the equity markets as its beta value is standing at 1.08. To measure price-variation, we found this stock’s volatility over a week period was 1.94% and for the month was 1.83%.
Need expert advice?
The analyst mean recommendation for this week has been 2.0, same as was in the last week. The price target of $675.00 was the lowest while the highest price target was set as $910.00, according to 34 analysts surveyed by Thomson Reuters.
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