Large Outflow of Money Witnessed in Google

Google (GOOG) : Net money flow in Google (GOOG) was negative ($52.06 million) and the inflow of money on uptick was $213.34 million, whereas, the outflow of money on downticks amounted to $265.4 million on Tuesday. The traders used every opportunity of price strength in the stock to sell their positions, hence, the total uptick to downtick ratio was 0.8. The block trades show that the large investors, were aggressive sellers in the stock. The total value of block trades on upticks was only $13.84 million. On the other hand, the total value of block trades done on downticks was $49.54 million. The ratio of uptick to downtick block trades was 0.28. The money flow in block trades was negative ($35.7). Google (GOOG) gained $5.55 cent during the day and reached $720.64, a gain of 0.78% over the previous day.


The company Insiders own 0.33% of Google shares according to the proxy statements. Institutional Investors own 35.21% of Google shares. In an insider trading activity, Pichai Sundar, officer (CEO, Google Inc.) of Alphabet Inc., unloaded 4,000 shares at an average price of $695.12 on July 6, 2016. The total amount of the transaction was worth $2,780,480, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Shares of Alphabet Inc. rose by 3.7% in the last five trading days and 0.17% for the last 4 weeks. Alphabet Inc. has dropped 3.02% during the last 3-month period . Year-to-Date the stock performance stands at -5.04%.

Google (NASDAQ:GOOG): stock turned positive on Tuesday. Though the stock opened at $719.12, the bulls momentum made the stock top out at $722.94 level for the day. The stock recorded a low of $715.91 and closed the trading day at $720.64, in the green by 0.78%. The total traded volume for the day was 1,336,921. The stock had closed at $715.09 in the previous days trading.

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.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.