Alphabet Shares Dip Following Early Rally Attempt: GOOG Stock Update
Shares of the technology conglomerate Alphabet Inc Class C, trading under the symbol GOOG on the NASDAQ, were trading lower during the late morning session on Monday after failing to sustain an early recovery attempt.
As of 11:05 am GMT-4 on April 29th, Alphabet stock was priced at 161.77 USD. This represented a decrease of 0.65 USD, or 0.40 percent, from the previous closing price of 162.42 USD.
The stock opened the trading day at 162.04 USD. Early activity saw the shares dip to an intraday low of 159.39 USD. Following this initial weakness, the stock rallied to reach an intraday high of 162.38 USD, nearly recouping the day’s losses. However, it subsequently pulled back from this peak. The accompanying one-day chart illustrates this morning volatility.
Key financial data for Alphabet Class C includes a substantial market capitalization listed as 1.95LCr. The company’s Price to Earnings (P/E) ratio stands at 18.33. Alphabet provides shareholders with a dividend yield of 0.49 percent.
Over the past 52 weeks, Alphabet’s stock has traded within a significant range, reaching a high of 208.70 USD and establishing a low of 142.66 USD.
