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Google to be added to S&P 500 Index
Stock up 8.1% after hours
poster_boy




msg:1237488
 11:46 pm on Mar 23, 2006 (gmt 0)

[marketwatch.com...]

 

Lipik




msg:1237489
 8:32 am on Mar 24, 2006 (gmt 0)

Thanks for this info, I was wondering why it went up even 10% after hours...

Pass the Dutchie




msg:1237490
 8:35 am on Mar 24, 2006 (gmt 0)

Historically, stocks added to the S&P 500 average gains of about 8.5% during the 30-day window following the announcement up to the actual inclusion, according to Bear Stearns.

Expected to be added on the 31st March. If shares alreday are up be 8.1% after hours then what do people think will happen to share prices up until the 31st March and the immediate aftermath of joning the S&P 500?

Lipik




msg:1237491
 8:47 am on Mar 24, 2006 (gmt 0)

PdD,

You can count on it that the 8-10% is what it is for this news. On the stockmarket, it is the news that brings it up or down. So there will be no further effect on the 31 March. (well let's hope I'm wrong ;-)

Marcia




msg:1237492
 8:50 am on Mar 24, 2006 (gmt 0)

The decision instantly puts Google -- less than two years after going public --on the shopping list of hundreds of mutual fund managers who run portfolios that track the components of the S&P 500

Wow! Blue Chip in less than 2 years must be some kind of a record, especially for a technology company.

iblaine




msg:1237493
 7:02 pm on Mar 24, 2006 (gmt 0)

>Wow! Blue Chip in less than 2 years must be some kind of a record, especially for a technology company.

Totally. This is somewhat cool to have a leading edge dot com stock in the S&P 500...and somewhat scary. Wonder if Google has the highest P/E of all companies on the S&P 500...

atadams




msg:1237494
 10:51 pm on Mar 24, 2006 (gmt 0)

You can count on it that the 8-10% is what it is for this news. On the stockmarket, it is the news that brings it up or down. So there will be no further effect on the 31 March. (well let's hope I'm wrong ;-)

I think part of the increase will be due to the fact that index funds will have to aquire GOOG for their portfolios.

cerebrum




msg:1237495
 3:51 pm on Mar 25, 2006 (gmt 0)

Congrats Google!

As more advertising dollars shift to Internet, Google will gain strength.

asp4bunnies




msg:1237496
 7:40 pm on Mar 27, 2006 (gmt 0)

Has this even been verified? A google employee friend has said this is totally bogus and Google circulated internal memos stating it was an unfounded rumor, but this article seems to report it as ironclad fact.

rohitj




msg:1237497
 4:55 pm on Mar 28, 2006 (gmt 0)

Its a fact and you can go to the standard and poors website to check it out. I highly doubt this would've been put on bloomberg and virtually every other major publication if it were a rumor. and if they did make a mistake, they'd immediately retract it.

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