Google closed on Monday at $202.71, the first time the company closed above $200 during its brief history as a publicly traded firm. (The stock was back below $200 on Tuesday morning.)
Google is among a select list of companies whose stocks cost at least $100 and investing message boards are rife with chatter that the company could split its stock.
After all, Google rival Yahoo! (Research) has split five times since its IPO in 1997. Amazon.com (Research) split its stock three times in the late 1990s. And eBay (Research) has split its stock three times since it went public in 1998.
Google would not comment on the speculation. But analysts say investors shouldn’t hold their breath for a stock split announcement.
Source: CNN
