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November 10, 2004

All Business: What's really driving up Google stock price?

  • Other factors, outside of company fundamentals, could be pushing the stock ahead.
    • By RACHEL BECK
    AP Business Writer

    NEW YORK — Sometimes when stocks soar, it has nothing to do with investors' genuine interest in the company's prospects. They just buy because the stock is going up.

    That jump-on-the-bandwagon approach was often seen during the late 1990s boom, when so many stocks raced ahead without much of a reason, and now it may be contributing to the rally in Google Inc.'s stock.


     
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