Google Inc.
(GOOG) opened at 536.51. So far today, the stock has hit a low of 530.00 and a high of 540.38. GOOG is now trading at 532.20, down 2.53 (-0.47%). The stock hit its 52 week high of 747.24 in November and set its 52 week low of 412.11 in March. GOOG dropped at the beginning of this year, but has been stronger recently. Shares of Google have been slipping on news that the U.S. Justice Department has opened a formal antitrust investigation into a deal between Google and Yahoo
(YHOO) to share some advertising revenue. Technical indicators for the stock are bullish but deteriorating while S&P gives GOOG a neutral 3 STARS (out of 5) hold rating. If you’re looking for a hedged play on this stock, consider a July bear-call credit spread above the $620 range. GOOG stock could rise up to 16.5% before expiration and this position would still be profitable. [RHF - Seven Summits Strategic Investments NewsBite]