Google shares ended higher Thursday on the first day on which company employees were able to sell their stock in the Internet search engine.
A total of 4.7 million shares are available for sale today, with a further 39 million available in November and another 177 million in February.
Google shares (GOOG: news, chart, profile) closed up $1.26, or 1.3 percent, at $101.51 in volume of 7.51 million. Since Google stock started trading on August 19, volume has averaged 4.1 million shares per day.
On August 27, Yahoo sold 2.3 million shares of Google for $82.62 each, generating proceeds of $191 million. The shares were part of Google's IPO on Aug. 19, according to a Yahoo spokesman. See full story.
The Internet search engine priced its initial public offering at $85 a share. On its first day of trading, the company's stock soared 18 percent to close above $100.
Google offered a total of 19.6 million shares, down from an initial offering of $25.7 million after a cool reception from investors, regulatory problems and a poor market for Internet stocks.
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