On a relative basis, the stock has outperformed the S&P 500 by 8.59% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.01% in the last 1 week, and is up 9.71% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
The stock has recorded a 20-day Moving Average of 3.59% and the 50-Day Moving Average is 8.66%. Google (NASDAQ:GOOGL): On Fridays trading session , Opening price of the stock was $805.09 with an intraday high of $807.19. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $803.64. However, the stock managed to close at $807.05, a loss of 0.14% for the day. On the previous day, the stock had closed at $808.2. The total traded volume of the day was 897,283 shares.
The company Insiders own 14.84% of Google shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -11.87% . Institutional Investors own 34.88% of Google shares. During last six month period, the net percent change held by insiders has seen a change of -18.01%. Also, In a research note released to the investors, Credit Suisse maintains its rating on Google (NASDAQ:GOOGL).The analysts at the brokerage house have a current rating of Outperform on the shares. In a recent information released to the investors, Credit Suisse raises the new price target from $920 per share to $940 per share. The rating by the firm was issued on July 29, 2016.
Alphabet Inc (Alphabet) is a collection of Companies. The Companys collection include Calico, Googles health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X. These will be managed separately in Alphabet. On October 2, 2015, Google implemented a holding company reorganization pursuant to the Agreement and Plan of Merger (the Merger Agreement), dated as of October 2, 2015, among Google, Alphabet and Maple Technologies Inc., a Delaware corporation (Merger Sub), which resulted in Alphabet owning all of the outstanding capital stock of Google. Pursuant to the Alphabet Merger, Merger Sub, a direct, wholly owned subsidiary of Alphabet and an indirect, wholly owned subsidiary of Google, merged with and into Google, with Google surviving as a direct, wholly owned subsidiary of Alphabet.