And you thought the�$700 club�was exclusive.
Shares of�Google�crossed the $800 mark this morning, lately around $802, a milestone that very few companies have ever achieved, and no tech firm. The move caps what has been a big change for the company: Yes, it�s still dominant in search, its core market if you will, but it�s not just a search-engine company anymore (and indeed, hasn�t been for a while).
Only three other companies are in the club:�Berkshire Hathaway‘s�Class A shares ($151,185)�Seaboard�($2,840), and�NVR�($1.025).
Washington Post�s class B shares traded as high as $983 in 2004. They�re at $424 currently. Priceline shares traded as high as $974 in 1999. They�re currently at $702.
Additionally�LICT,��a Delaware holding company that trades on the pink sheets, is technically in the club. The stock�s at $2,290.
Crossing a big threshold like this will obviously draw a lot of attention, but it�s hard to say exactly what it means. In fact, if a hotly contested stock split had gone through last year like the company wanted, it wouldn�t be happening at all.
Read the full story on The WSJ’s MarketBeat blog.
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