Google Shares Cross $1,000 Mark

Google LogoGoogle [GOOG] shares soared on Friday and closed above the $1,000 mark for the first. Google shares were up 13.8% of the day as they climbed over 122 points to close at $1,011.41.

Forbes calls interest in Google a "Wall Street Fetish." Google does have a high P/E, but it is very low compared to Facebook's ridiculous P/E of 245.

ABC News reports that Google made three billion in its third quarter, ending September 2013. This was a 36% increase from the same quarter last year.

Image: Google

Posted on October 19, 2013

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