- Wednesday, October 16, 2024
Shares of Alphabet Inc. Cl A (GOOGL) showed a significant increase of 1.26% on Friday, reaching a price of $129.10. This positive performance was seen amidst an overall favorable trading session for the stock market.
Market Overview
During the trading session, the S&P 500 Index (SPX) rose 0.94% to reach 4,358.34 points, while the Dow Jones Industrial Average (DJIA) experienced a 0.66% increase, closing at 34,061.32 points.
Consistent Gains
This marks the third consecutive day of gains for Alphabet Inc. Cl A, demonstrating its strong momentum in the market.
Close to 52-Week High
Although Alphabet Inc. Cl A closed $12.12 below its 52-week high of $141.22, which was achieved on October 12th, the stock's upward trend shows promising potential.
Competitor Comparison
When compared to its competitors, Alphabet Inc. Cl A had a mixed performance. Microsoft Corp. (MSFT) rose 1.29% to reach $352.80, Amazon.com Inc. (AMZN) saw a slight increase of 0.38% at $138.60, and Meta Platforms Inc. (META) experienced a rise of 1.20%, closing at $314.60.
Trading Volume Analysis
The trading volume for Alphabet Inc. Cl A was recorded at approximately 26.1 million shares, which remained 1.7 million shares below its 50-day average volume of 27.9 million shares.
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