Alphabet Inc. (GOOG) Dips 2.85% for January 03

Equities Staff  |

Among the S&P 500’s biggest fallers on Thursday January 03 was Alphabet Inc. (GOOG). The stock experienced a 2.85% decline to $1,016.06 with 1.79 million shares changing hands.

Alphabet Inc. started at an opening price of 1,041.00 and hit a high of $1,056.98 and a low of $1,014.07. Ultimately, the stock took a hit and finished the day at $29.79 per share. Alphabet Inc. trades an average of n/a shares a day out of a total 695.47 million shares outstanding. The current moving averages are a 50-day SMA of $n/a and a 200-day SMA of $n/a. Alphabet Inc. hit a high of $1,273.89 and a low of $970.11 over the last year.

Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart homes products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster Internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet's operating margin has been 25%-30%, with Google at 30% and other bets operating at a loss.

With its headquarters located in Mountain View, CA, Alphabet Inc. employs 94,372 people. After today’s trading, the company’s market cap has fallen to $706.64 billionAs for its value, has a P/E ratio of <38.9, a P/S of 8.69, a P/B of 4.16, and a P/FCF of n/a.

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For all the attention paid to the Dow Jones Industrial Average (DJIA), it’s the S&P 500 that’s relied on by insiders and institutional investors. It represents the industry standard for American large-cap indices.

The Dow is made up of just 30 stocks to the S&P 500’s 500, and it uses an unreliable and outdated price-weighting system where the S&P 500 relies on market cap in weighting its returns. This is why its long-term returns is a much more reliable gauge for the performance of large- and mega-cap stocks over time.

To get more information on Alphabet Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: GOOG’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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