Etsy’s (ETSY) recent IPO has disappointed, but the stock soared Friday after Google (GOOGL) cited the online marketplace for handcrafted and vintage goods as one of the sites benefiting from its latest search algorithm tweaks. Etsy stock was up 24% in afternoon trading in the stock market today, near 21, and had been up as much as 36% earlier, at a two-month high. Meanwhile, Google stock was up 16% Friday afternoon, near 696, after it reported
Google’s (GOOGL) view-topping quarterly performance late Thursday has sent shares flying in the stock market today to the first buy zone the stock has offered in a year. The search giant credited the bulk of its growth to mobile search ad revenue as well as YouTube and programmatic advertising. The stock gapped up 19% in enormous volume on Friday afternoon, solidly breaking out of a year-long price consolidation with a 609.01 buy point. The move
Google (GOOGL) collected at least 11 price target boosts on Friday as the search leader’s stock rocketed to an all-time high on pledges from the company’s new CFO to scrutinize spending and the company’s Q2 earnings beat consensus views. New Google CFO Ruth Porat, who debuted during the company’s post-earnings call with analysts late Thursday, also apparently soothed investor concerns about the performance of Google’s core search operations.