Google's shares pass $700 mark

Shares kiss the $700 mark in early morning trading Wednesday, marking a new first for the Internet giant and its soaring stock price.

Google's shares kissed the $700 mark in early morning trading Wednesday, marking a new first for the Internet giant and its soaring stock price.

Google's stock rose to more than $701 a share, following reports that it is pitching its "Gphone" to Verizon Wireless. The stock was up $4.95, or less than 1 percent, in morning trading, from its close of $694.77 on Tuesday.

Just a little more than three weeks ago, Google shares passed the $600 mark and analysts were speculating its shares could climb as high as $700 within the next year. Apparently, it's been a quick year.

For Google, its ride on Wall Street has been a blast since it debuted in 2004 at $85 a share. The share price has risen alongside its market share in search, as it has leaped ahead of archrival Yahoo on a number of fronts.

With Google hitting the $700 mark within weeks of its previous milestone, Wall Street soothsayers may soon be setting the bar at $800 a share. And who knows--Google may have something extra to be thankful for by T-Day.

Featured Video
6
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

The problem with hoarding photos on your phone

Do you have hundreds (or thousands) of photos on your phone? This one's for you.

by Sharon Profis