Today, the price of Google’s stock has exceeded $900 per share. This is the all-time high. Still, analysts say that Google seems to be following in Apple’s footsteps (when Apple’s stock set its own all-time high to see a major decline later on).
Last year, many internet sources asked questions about the prospects of Apple’s stock (What highs will the stock rice reach?). This time, it is about Google.
The opening of a new online music services contributed to the price rally a lot, experts say. Unlike Apple, Google keep introducing new services on a regular basis, thereby supporting its stock.
As of yesterday’s trading session, Google’s stock gained 3.3% while Apple saw its stock depreciating by 3.4%.
The chart below, courtesy of Masterforex-V Academy, reflects the current state of affairs in the market of GOOG:
