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Alphabet Inc (GOOG) receives a Buy rating from TD Cowen

In a filing, Alphabet Inc revealed its Director HENNESSY JOHN L unloaded Company’s shares for reported $0.12 million on Sep 12 ’24. In the deal valued at $153.75 per share,800 shares were sold. As a result of this transaction, HENNESSY JOHN L now holds 28,524 shares worth roughly $4.57 million.

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Then, HENNESSY JOHN L bought 800 shares, generating $123,040 in total proceeds.

Before that, O’Toole Amie Thuener sold 2,835 shares. Alphabet Inc shares valued at $429,588 were divested by the VP, Chief Accounting Officer at a price of $151.53 per share. As a result of the transaction, O’Toole Amie Thuener now holds 29,182 shares, worth roughly $4.68 million.

TD Cowen reiterated its Alphabet Inc [GOOG] rating to a Buy in a research note published on July 10, 2024; the price target was $220. A number of analysts have revised their coverage, including Rosenblatt’s analysts, who decreased its forecast for the stock in late June from “a Buy” to “a Neutral”. Oppenheimer also remained covering GOOG and reiterated its “an Outperform” recommendation on April 08, 2024.

Price Performance Review of GOOG

On Tuesday, Alphabet Inc [NASDAQ:GOOG] saw its stock jump 0.81% to $160.28. Over the last five days, the stock has gained 6.85%. Alphabet Inc shares have risen nearly 13.73% since the year began. Nevertheless, the stocks have risen 15.89% over the past one year. While a 52-week high of $193.31 was reached on 07/10/24, a 52-week low of $121.46 was recorded on 03/05/24. SMA at 50 days reached $168.33, while 200 days put it at $158.75.

Levels Of Support And Resistance For GOOG Stock

The 24-hour chart illustrates a support level at 159.26, which if violated will result in even more drops to 158.25. On the upside, there is a resistance level at 161.44. A further resistance level may holdings at 162.61. The Relative Strength Index (RSI) on the 14-day chart is 48.20, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 1.71, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 37.83%. Stochastics %K at 54.67% indicates the stock is a holding.

How much short interest is there in Alphabet Inc?

A steep rise in short interest was recorded in Alphabet Inc stocks on 2024-08-30, growing by 1.33 million shares to a total of 42.05 million shares. Yahoo Finance data shows the prior-month short interest on 2024-07-31 was 40.72 million shares. There was a rise of 3.15%, which implies that there is a positive sentiment for the stock.

The most recent change occurred on January 31, 2023 when BofA Securities resumed its ‘”a Buy”‘ rating for the stock and retained the price target to $119.

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