Shares of Google (GOOG) Rally 2.02%

Google (GOOG) has been under a strong bear grip, hence the stock is down -0.29% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 0.51% in the past 1 week. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 2.02% in the last 1 week, and is up 4.07% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 3.15% and the 50-Day Moving Average is 1.46%.

Google (NASDAQ:GOOG): The stock opened at $725.73 on Friday but the bulls could not build on the opening and the stock topped out at $725.74 for the day. The stock traded down to $719.06 during the day, due to lack of any buying support eventually closed down at $719.85 with a loss of -0.15% for the day. The stock had closed at $720.95 on the previous day. The total traded volume was 1,279,339 shares.


The company Insiders own 0.33% of Google shares according to the proxy statements. Institutional Investors own 35.23% of Google shares. In a related news,The officer (SVP, Corporate Development) of Alphabet Inc., Drummond David C sold 5,000 shares at $725.52 on July 12, 2016. The Insider selling transaction had a total value worth of $3,627,600. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.

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.

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