Shares of Google (GOOG) Sees Large Inflow of Net Money Flow

Google (GOOG) : Google (GOOG) had a healthy money flow of $13.47 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $119.43 million, whereas, investors only sold shares worth $105.96 million on downticks. The stock closed the day with an up-down ratio of 1.13.The money flow in the block trades to the tune of $12.22 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $12.22 million worth of transactions were on upticks. Google (GOOG) stock slid $0.15 intraday and traded at 768.63, a change of -0.02% over previous days close. However, for the week, the company shares are -0.12% compared to previous weeks close.


The company Insiders own 13.92% of Google shares according to the proxy statements. Institutional Investors own 34.56% of Google shares.

In a related news, Campbell James Grier, officer (VP, Alphabet Corp. Controller) of Alphabet Inc., unloaded 193 shares at an average price of $769.26 on September 1, 2016. The total amount of the transaction was worth $148,467, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Google (NASDAQ:GOOG): The stock opened at $773.01 and touched an intraday high of $773.9199 on Friday. During the day, the stock corrected to an intraday low of $768.41, however, the bulls stepped in and pushed the price higher to close in the green at $771.46 with a gain of 0.35% for the day. The total traded volume for the day was 1,072,658. The stock had closed at $768.78 in the previous trading session.

Google (GOOG) : During the past 4 weeks, traders have been relatively bearish on Google (GOOG), hence the stock is down -1.24% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -0.25% relative to the S&P 500. The stock has risen by 0.25% in the past week indicating that the buyers are active at lower levels, but the stock is down -1.38% in the past 4 weeks.

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.

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