Google (GOOG) volatility flat at 32; shares down 7.5%

Google (Nasdaq: GOOG) shares recently down $51.65 to $587.92 in the pre-market following Q4 earnings rising 6.3%. Overall option implied volatility of 32 is near its 26-week average of 31 into the expected release of Q4 results after the market close today. Canaccord Genuity reiterated its Buy rating and lowered its price target to $700 from $725.

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