Google (GOOG) : Fridays money flow data in Google (GOOG) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $46 million, whereas, $26.51 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.73, in favor of the bulls. The total money flow into the stock was $19.49 million clearly indicating that the smart money has been buying into the stock on weakness.
In comparison, the money flow in block deals was $18.82 million. The total value of block trades done on upticks was $18.82 million. Google (GOOG) fell $0.6 and traded at $738.03, down -0.08% for the day, over previous days close. On a weekly basis, the shares are 2.53% over the previous weeks close.
Google (NASDAQ:GOOG): stock turned positive on Friday. Though the stock opened at $741.86, the bulls momentum made the stock top out at $743.24 level for the day. The stock recorded a low of $736.56 and closed the trading day at $742.74, in the green by 0.56%. The total traded volume for the day was 1,259,823. The stock had closed at $738.63 in the previous days trading.
In a related news, Pichai Sundar, officer (CEO, Google Inc.) of Alphabet Inc., unloaded 4,000 shares at an average price of $746.47 on July 20, 2016. The total amount of the transaction was worth $2,985,880, according to the disclosed information 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.