Google (GOOG) Shares are Up 0.13%

Google (GOOG) : Traders are bullish on Google (GOOG) as it has outperformed the S&P 500 by a wide margin of 7.69% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 0.07%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.13% in the last 1 week, and is up 8.8% 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 3.37% and the 50-Day Moving Average is 7.79%. Google (NASDAQ:GOOG): On Fridays trading session , Opening price of the stock was $781.5 with an intraday high of $783.395. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $780.4. However, the stock managed to close at $783.22, a loss of 0.21% for the day. On the previous day, the stock had closed at $784.85. The total traded volume of the day was 740,498 shares.


The company Insiders own 0.33% of Google shares according to the proxy statements. Institutional Investors own 34.82% of Google shares. Also, Equity analysts at the Brokerage firm JP Morgan maintains its rating on Google (NASDAQ:GOOG). The rating major has initiated the coverage with overweight rating on the shares. The Analysts at JP Morgan raises the price target from $920 per share to $950 per share. The rating by the firm was issued on July 29, 2016.

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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