Google shares hit new high, stock up at $821.50

Zeebiz Bureau

New Delhi: Google Inc is on a roll. Its shares have hit an all-time closing high of USD 821.50 on Monday and some securities analysts are already forecasting the search engine Giant could very well be a USD 1,000 stock.

Google shares owe it to Android operating system which is a dominant player in the smartphone market and is a leader in mobile advertising

With the new stock price, Google comes in third place among US companies in terms of market value, after Apple and Exxon Mobil.

Google has been hitting new highs since last year, and is up 16.1 percent since the beginning of the year.

With Agency Inputs