Google (NASDAQ:GOOG) has tumbled 3.85% during the past week and has dropped 2.54% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 2.7%. Google (NASDAQ:GOOG) has underperformed the index by 3.43% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
Google (NASDAQ:GOOG): The stock opened at $708.65 on Friday but the bulls could not build on the opening and the stock topped out at $708.82 for the day. The stock traded down to $688.45 during the day, due to lack of any buying support eventually closed down at $691.72 with a loss of -2.62% for the day. The stock had closed at $710.36 on the previous day. The total traded volume was 3,402,357 shares.
The company shares have rallied 28.53% from its 1 Year high price. On Feb 2, 2016, the shares registered one year high at $789.87 and the one year low was seen on Jul 7, 2015. The 50-Day Moving Average price is $714.37 and the 200 Day Moving Average price is recorded at $725.37.
On the companys insider trading activities,The officer (CEO, Google Inc.) of Alphabet Inc., Pichai Sundar sold 4,000 shares at $726.96 on June 15, 2016. The Insider selling transaction had a total value worth of $2,907,840. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. Major Brokerage house, Deutsche Bank maintains its ratings on Google (NASDAQ:GOOG). In the latest research report, Deutsche Bank raises the target price from $1.08K per share to $1.10K per share. According to the latest information available, the shares are now rated Buy by the analysts at the agency. The rating by the firm was issued on April 22, 2016. Currently the company Insiders own 0.33% of Google shares according to the proxy statements. Institutional Investors own 35.11% of Google 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.