Alphabet Inc.’s filing revealed that its Director ARNOLD FRANCES unloaded Company’s shares for reported $31179.0 on Aug 30. In the deal valued at $135.56 per share,230 shares were sold. As a result of this transaction, ARNOLD FRANCES now holds 13,618 shares worth roughly $ 1.86 million.
Then, MATHER ANN sold 220 shares, generating $28,631 in total proceeds. Upon selling the shares at $130.14, the Director now owns 4,818 shares.
Before that, Alphabet Inc. sold 6,500,000 shares. Alphabet Inc. shares valued at $52,526,500 were divested by the 10% Owner at a price of $8.08 per share. As a result of the transaction, Alphabet Inc. now holds 0 shares, worth roughly $0.0.
BofA Securities reiterated its Alphabet Inc. [GOOG] rating to a Buy in a research note published on Friday, January 31, 2023; the price target was $119. PT values the company’s stock at a premium of -14.96 to its Friday closing price.
Price Performance Review of GOOG
On Friday, Alphabet Inc. [NASDAQ:GOOG] saw its stock fall -0.40% to $136.80. On the same session, the stock had its day’s lowest price of $135.94, but rose to a high of $138.58. Over the last five days, the stock has gained 4.68%. Alphabet Inc. shares have risen nearly 54.18% since the year began. Nevertheless, the stocks have risen 25.33% over the past one year. While a 52-week high of $138.40 was reached on 09/01/23, a 52-week low of $83.45 was recorded on 01/06/23. SMA at 50 days reached $126.95, while 200 days put it at $109.06. A total of 16.65 million shares were traded, compared to the trading of 28.15 million shares in the previous session.
Levels Of Support And Resistance For GOOG Stock
The 24-hour chart illustrates a support level at 135.63, which if violated will result in even more drops to 134.47. On the upside, there is a resistance level at 138.27. A further resistance level may holdings at 139.75. The Relative Strength Index (RSI) on the 14-day chart is 65.06, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.94, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 15.37%. Stochastics %K at 90.62% indicates the stock is a selling.
How much short interest is there in Alphabet Inc.?
A steep rise in short interest was recorded in Alphabet Inc. stocks on Aug 14, 2023, dropping by -3.19 million shares to a total of 28.47 million shares. Yahoo Finance data shows the prior-month short interest on Jul 13, 2023 was 31.66 million shares. There was a decline of -11.2%, which implies that there is a negative sentiment for the stock.
Alphabet Inc. [GOOG] – Who Are The Largest Shareholders?
In filings from The Vanguard Group, Inc., it is revealed that the company now owns 391,867,423 shares, or roughly 6.76% of the outstanding GOOG shares. In other words, the investor’s shares have fallen by -4,916,824 from its previous 13-F filing of 396784247.0. Additionally, BlackRock Fund Advisors decreased -1.81% of its stake after which the total value it holdings stand at $30,728,956,905, while SSgA Funds Management, Inc. reduced -0.62% of its stake to hold $25.41 billion in the firm. Over the last quarter, T. Rowe Price Associates, Inc. sold -8,588,315 shares of Alphabet Inc., while Fidelity Management & Research Co sold 9,906,929 shares. At present, Geode Capital Management LLC is holding 98,217,816 shares valued at $13.07 billion. Capital Research & Management Co owned 80,767,333 shares of the company at the time of its most recent 13F filing, worth $10.75 billion.
However, 54 analysts have rated GOOG stock as a Buy in their predictions for 2023.