Friday, November 26, 2004
Three More Google Execs Sell Stock, But GOOG Up $18
Google's Chief Financial Officer George Reyes, VP of Product Management Jonathon J. Rosenberg and Senior VP Omid Kordestani all announced plans today to sell over 327,000 shares of company stock, as part of trading plans similar to those announced last week by Google's top 3. Even with those two bits of news, Google has rebounded handily from its second post-lock-up slide, which saw shares tumble from a high of $201.60 on 11/3 to $161.31 on Monday. Three days of solid trading (markets were closed Thanksgiving) saw the shares inch back up to today's $179.39 close. Expect to see a similar tumble and recovery around next month's lock-up expiry.