Wall Street PR

Google Inc. (NASDAQ:GOOG) announced the stores stocking Chromebook notebooks will triple by this week

Boston, MA 06/19/2013 (wallstreetpr) – The share prices of Google Inc. (NASDAQ:GOOG) had surged by 1.62 percent to close at $900.62 per share for the end of last trading session on Tuesday. The shares of the company had been trading in the range of $888.35 to $901.00 per share for the day, after opening at $888.65 per share on Tuesday. The shares of Google Inc. (NASDAQ:GOOG) had recorded 52 week high price level at $920.60 per share and 52 week low price level at $557.21 per share.

Google Inc. (NASDAQ:GOOG) had announced on Monday that the number of stores stocking Chromebook notebooks will triple by this week. The retail presence of the Chromebook product line of the company is highly hard to avoid with Wal Mart Stores beginning to sell the $199 Acer Chromebook on Monday and Staples Inc beginning to carry Chromebooks from three different manufacturers by this week.

The Chromebook Pixel notebook of Google Inc. (NASDAQ:GOOG) had been put out by the company earlier this year and was priced at $1,299 then. Chromebook’s presence in 2,800 Wal Mart superstores and 1,500 Staples office supply stores will triple the notebook’s availability to 6,600 physical stores.

The company had since then witnessed surge in share prices with nominal trading volumes. Google Inc. (NASDAQ:GOOG) had witnessed the trade of 2.17 million shares on Tuesday, while the average trading volume for the company is at 2.26 million shares per day.

Google Inc. (NASDAQ:GOOG) presently holds 331.77 million shares outstanding in the market with an institutional ownership of 71 percent of its holdings.

Published by Steve Hackney

Steve Hackney is a corporate finance professional with over 14 years of experience in cash management and investing. He earned a Bachelor of Science in Finance from Florida State University and holds a Certified Treasury Professional certification. Steve lives in Orlando, Florida with his family.