The annual brand ranking data from YouGov’s BrandIndex showed Google Inc. (NASDAQ:GOOG) dropped out of the top 10 by negative buzz this year. The search engine giant, which was on fourth place in 2011 with a score of 26.7, was not included in the top 10 list as its score declined by 15 points,
The research firm asked a different set of 2,000 people every day whether they had heard anything good or bad about big media and Internet brands through advertising, the media or word of mouth and gave scores to the number of positive mentions less the negative ones.[article_detail_ad_1]
BrandIndex director Sarah Murphy said Google (GOOG) suffered from the “tax avoidance debate”. She added that the company began to take a hit around the time of the parliamentary hearings.
Make an opinion on price fluctuation of Google (GOOG) using some technical indicators
The stock closed at $706.29, down -2.58 points or -0.36% from previous close and at a distance of +0.71% from 20-day simple moving average. In the last trading session, the stock’s price moved 8.75% above its 200 day moving average, changing hands as low as $698.61 per share. The stock is currently trading 2.49% up its SMA 50.
How well the stock has been performing?
The percentage change in the price over the past fifty two weeks remained at +9.35%. 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 11.55% and has advanced 9.35% since the beginning of this year.
Does stock market trend influences 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 1.26% and for the month was 1.70%.
What is Wall Street analysts’ recommendation on this stock?
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.
More losers across the Internet Information Providers industry
Renren Inc (NYSE:RENN) declined -2.95% to finish at $3.29, Baidu.com, Inc. (ADR)(NASDAQ:BIDU) plunged -1.99% to close at $99.43 and Linkedin Corporation(NYSE:LNKD) was down -0.81% to close the trade at $114.03.