Google (GOOGL) : On Tuesday, The money flowed into the Google (GOOGL) stock with an uptick to downtick ratio was recorded at 1.06. Transactions worth $205.36 million were done on upticks, confirming the buying interest in the stock. The outflow of money on downticks stood at $194.29 million. The total money flow into the stock was $11.07 million. The investors are using every small weakness in the stock to accumulate it, as can be seen in the $12.19 million of block transactions on upticks. The total money flow in block trades was $12.19 million. In terms of price action, Google (GOOGL) traded down $3.9 during the session at $791.92. Compared to the previous days closing, the stock was down only by -0.49%. For the week, the stock is -0.16%, over previous weeks closing.
Also, Equity Analysts at the Brokerage Firm, Credit Suisse, maintains their rating on the shares of Google (NASDAQ:GOOGL). Credit Suisse has a Outperform rating on the shares. As per the latest research report, the brokerage house raises the price target to $940 per share from a prior target of $920. The rating by the firm was issued on July 29, 2016.
Alphabet Inc. has lost 0.59% in the last five trading days and dropped 1.13% in the last 4 weeks. Alphabet Inc. is up 5.81% in the last 3-month period. Year-to-Date the stock performance stands at 1.79%.
Google (NASDAQ:GOOGL): The stock opened at $792.88 on Tuesday but the bulls could not build on the opening and the stock topped out at $798.00 for the day. The stock traded down to $789.47 during the day, due to lack of any buying support eventually closed down at $791.92 with a loss of -0.49% for the day. The stock had closed at $795.82 on the previous day. The total traded volume was 1,167,413 shares.
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.