Alphabet Inc. (GOOG) Files Form 4 Insider Selling : David C Drummond Sells 5,000 Shares

Alphabet Inc. (GOOG): David C Drummond , SVP, Corporate Development of Alphabet Inc. sold 5,000 shares on Jul 12, 2016. The Insider selling transaction was reported by the company on Jul 12, 2016 to the Securities and Exchange Commission. The shares were sold at $725.52 per share for a total value of $3,627,600.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jul 6, 2016, Sundar Pichai (CEO, Google Inc.) sold 4,000 shares at $695.12 per share price.On Jul 5, 2016, Sergey Brin (President) sold 33,347 shares at $702.59 per share price.Also, On Jun 28, 2016, Lawrence Page (director officer 10% owner (Chief Executive Offic) sold 33,340 shares at $688.78 per share price.On Jun 13, 2016, David C Drummond (SVP, Corporate Development) sold 5,000 shares at $723.16 per share price.

Alphabet Inc: On Monday, Jul 11, 2016 heightened volatility was witnessed in Alphabet Inc which led to swings in the share price. The shares opened for trading at $708.05 and hit $716.51 on the upside , eventually ending the session at $715.09, with a gain of 1.34% or 9.46 points. The heightened volatility saw the trading volume jump to 11,11,762 shares. The 52-week high of the share price is $789.8699 and the company has a market cap of $490,949 M . The 52-week low of the share price is at $532.4001.

Alphabet Inc Money Flow Index Chart

Company has been under the radar of several Street Analysts.Alphabet Inc is Reiterated by Needham to Buy while Lowering the Price Target of the company shares to $ 825 from a previous price target of $910 . The Rating was issued on Apr 22, 2016.

Alphabet Inc (Alphabet) is a collection of Companies. The Company’s collection include Calico Google’s 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.

Leave a Reply

Alphabet Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Alphabet Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.