Google’s stock clobbering shows just how freaked out Wall Street is about the online ad business right now (GOOG, GOOGL)
|04/25/2018||Posted by BusinessMediaguide.Com under General World News||
- Google shares finished down for the second day in a row following mixed earnings.
- Even an analyst who trimmed his price target called it an “overreaction.”
- One analyst said those selling Google may anticipate bad news coming from Facebook’s quarterly report on Wednesday and wanted to avoid fallout to ad sector.
The share price of Google’s parent company Alphabet Inc finished the regular trading session down 4.5%.
Even analysts who trimmed their price targets struggled to explain the thinking behind investors reaction.
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