Thursday, September 22, 2016 1:16:59 AM
Shares of the online advertising company are down 0.1% over the past year – a performance that’s even worse than it sounds given the that Standard & Poor’s 500 is up 9.6% over the same time period. That’s hardly the kind of performance investors thought they’d signed up for when Google (GOOGL) was being ballyhooed as the company that would come to dominate tech.
Chart source: S&P Capital IQ
Chart source: S&P Capital IQ
How could the company which has a near monopoly in desktop search and a huge player in mobile operating systems be underperforming by such a wide margin? “Google has to redo everything, and they have to do it fast,” says Trip Chowdhry, analyst at Global Equities Research. Shares are up 48 cents, or 0.09%, to $554.63 Wednesday.
America’s Markets asked several analysts why this stock – which many assumed would be rocking right now – is lagging:
http://americasmarkets.usatoday.com/2015/06/03/googles-stock-is-dead-money-heres-why/
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