Shares of Alphabet Inc. (GOOGL) Sees Large Inflow of Net Money Flow

Alphabet Inc. (GOOGL) traded with a cut of -4.95 points or -0.6% at $815.24 per share. As per the last available information, the stock aggregated $517.99 million in upticks and $418.21 million in downticks, keeping the net money flow capped at $99.78 million. The up/down ratio was found to be 1.24. For the week, the shares has seen a change of -3.53% in the share price.A block trade of $87.11 million in upticks and $0 million in downticks also took place during the day. The up/down ratio for the block stood at 0. The net money flow for this transaction was $87.11 million.Block trades are executed by Investment Banking firms or Wealth Managers shifting positions or Day traders taking advantage of trading signals.

Alphabet Inc. has dropped 5.03% in the last five trading days, however, the shares have posted positive gains of 2.88% in the last 4 weeks. Alphabet Inc. is up 0.66% in the last 3-month period. Year-to-Date the stock performance stands at 2.88%. Alphabet Inc. (NASDAQ:GOOGL) witnessed a decline in the market cap on Wednesday as its shares dropped 0.6% or 4.95 points. After the session commenced at $824, the stock reached the higher end at $824 while it hit a low of $812.25. With the volume soaring to 2,251,047 shares, the last trade was called at $815.24. The company has a 52-week high of $867. The company has a market cap of $563,570 million and there are 691,293,000 shares in outstanding. The 52-week low of the share price is $672.66.

Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Alphabet Inc was Reiterated by Mizuho on Jan 27, 2017 to Buy, Lowers Price Target to $ 1024 from a previous price target of $1025 .Company shares were Reiterated by Stifel on Jan 27, 2017 to Buy, Raises Price Target to $ 1050 from a previous price target of $950 .Company shares were Reiterated by Aegis Capital on Jan 27, 2017 to Buy, Raises Price Target to $ 1011 from a previous price target of $980 .Company shares were Reiterated by Canaccord Genuity on Jan 27, 2017 to Buy, Raises Price Target to $ 950 from a previous price target of $925 .Alphabet Inc was Resumed by Pacific Crest to Overweight on Jan 20, 2017.

Alphabet Inc. is engaged in technology business. The Company provides web-based search, advertisements, maps, software applications, mobile operating systems, consumer content, enterprise solutions, commerce and hardware products through its subsidiaries. Alphabet Inc., formerly known as Google Inc., is headquartered in Mountain View, California.

Alphabet

Share this post

Leave a Reply