Alphabet (GOOG) Shares Push Higher, Trading Up Over 1 Percent
Alphabet Inc Class C (NASDAQ: GOOG), the stock representing Google’s parent entity, saw increased buying interest on May 1st, pushing its share price higher. By 1:46 pm GMT-4, the stock was trading at 162.87 USD.
This price marks a solid gain of 1.98 USD, or 1.23 percent, compared to the previous close of 160.89 USD. The trading day began with an opening price of 162.52 USD. Shares subsequently navigated a range between a low of 160.93 USD and a high of 163.94 USD.
As a technology behemoth, Alphabet holds a significant market capitalization, listed at 1.97LCr (approaching 2 trillion USD). The company’s shares currently trade with a Price to Earnings (P/E) ratio of 18.45. Alphabet also rewards its investors with a dividend yield of 0.49 percent.
The current trading price places GOOG shares well within their 52 week performance band, which spans from a low point of 142.66 USD to a high of 208.70 USD. Today’s positive trading activity underscores continued market focus on the tech giant’s performance and prospects in its core business areas.
