Google stock has been hit by a number of issues over the past few days, leading to some investors feeling the need to reevaluate the market value of their holdings.
As of right now, stock prices are down around 12% from their peak on June 2, the same day that the US election results were announced.
As of late Thursday, Google stock was trading at just $17.25, which is down almost 5% from its peak of $26.94 on June 6.
That is the same as it was on Tuesday, but a bit less than it was earlier in the week.
As such, some investors are now looking to buy back their holdings in the stock market, which could help them to recover some of the losses.
“I believe it’s fair to assume the market is going to go down in the next few days as a result of these issues,” said Vishal Sharma, a senior portfolio manager at Loomis Capital.
“Google has been under severe stress from the election results and the market may be getting more volatile.”
However, Sharma believes investors will eventually come out of the market’s tailspin and be able to pick up some gains.
“It’s hard to say right now but I think the next couple of days will be very volatile,” he said.
In the short term, investors who have been holding onto Google stock might want to look for an opportunity to cash in, as it is trading at a higher valuation than the current market.
If that happens, the stock price may come back up within the next month or so, depending on the outcome of the presidential elections.
For investors who are looking to sell Google stock, there are options, as some of these stocks are trading at negative valuations.
However, these stocks may also be priced out of future growth opportunities, according to the Citi Research website.
While it is a tough market for investors, it is not impossible to pick it up.
If you are a long-term investor, it’s possible to pick Google up if the markets continues to go into a tailspin.