Google Inc. (NASDAQ:GOOG) will seek approval from Apple Inc. (NASDAQ:AAPL)


Google Inc. (NASDAQ:GOOG) is reportedly testing a Maps app for iOS, and is getting ready to submit its application for approval to the App Store. Apple Inc. (NASDAQ:AAPL) took out Google Maps as the default map service on its products such as iPhone, iPod touch, and iPad devices with the iOS 6 update. Apple Inc. (AAPL) released its own Maps service to replace Google Maps, after which it has faced considerable criticism for inaccuracies, and out-of-date information; despite also adding free turn-by-turn navigation and Siri support.

The reaction against Maps service caused Apple CEO Tim Cook issuing an apology on behalf of the company. Google Inc. (GOOG) has reportedly distributed a test version of Maps for iOS to individuals outside of the company. The Google Maps app will now include turn-by-turn navigation, a feature that Google formerly rejected to allow in the app on iOS, instead preferring to keep it exclusive to Android devices.

See latest price movement of this stock

Google shares traded down -0.01% during last trading session, finishing at $647.18 a piece. The share price of GOOG floated Friday in a range of $636.00 to $653.02. The decline gave the company a market-cap of over $212.66 billion.

How to determine strength or weakness after that shift in price?

The stock, after recent close, is -9.00% down their SMA 50 and 16.43% off the 52-week high. The worst hit in its 52 week range is $556.52 per share, with $774.38 as its 52 week best price that compares with a latest closing price of $647.18. Its latest closing price has a distance of -4.47% from SMA20 and is 1.43% up than SMA200.

What are the effects on the stock performance?

With recent decline, the year-to-date (YTD) performance reflected a 0.20% gain above last year. During the past month the stock dropped -13.10%, bringing three-month performance to -3.82% and six-month performance to +3.87%.

How it participates in the overall market?

Historically, the volatility of this stock is about 1.95% a week and 2.53% a month, but keep in mind volatility keeps on changing. For this company, beta value at 1.09 represents it is more volatile to the shift in the market.

Do you still seek better idea? Look at analyst opinion

The average analysts that follow this company have a ‘Strong Buy’ rating on this stock, according to Zacks Investment Research. Of 32 analysts, 23 maintain that rating, 4 set the stock as buy and 5 give to hold.

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