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Alphabet Inc (GOOG) rating initates by Pivotal Research Group

In a filing, Alphabet Inc revealed its Chief Executive Officer Pichai Sundar unloaded Company’s shares for reported $3.76 million on Oct 02 ’24. In the deal valued at $167.07 per share,22,500 shares were sold. As a result of this transaction, Pichai Sundar now holds 2,129,306 shares worth roughly $352.83 million.

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Then, O’Toole Amie Thuener sold 1,367 shares, generating $230,804 in total proceeds. Upon selling the shares at $168.84, the VP, Chief Accounting Officer now owns 29,183 shares.

Before that, SUNDAR PICHAI bought 22,500 shares. Alphabet Inc shares valued at $3,789,450 were divested by the Director at a price of $168.42 per share.

Pivotal Research Group initiated its Alphabet Inc [GOOG] rating to a Buy in a research note published on October 01, 2024; the price target was $215. A number of analysts have revised their coverage, including TD Cowen’s analysts, who remained covering the stock and in early July has reiterated a ‘”a Buy”‘ rating for it. Rosenblatt also remained covering GOOG and has decreased its forecast on June 28, 2024 with a “Neutral” recommendation from previously “Buy” rating. Oppenheimer maintained its rating on April 08, 2024. It rated GOOG as “an Outperform”.

Price Performance Review of GOOG

On Tuesday, Alphabet Inc [NASDAQ:GOOG] saw its stock jump 0.80% to $165.70. Over the last five days, the stock has lost -1.62%. Alphabet Inc shares have risen nearly 17.58% since the year began. Nevertheless, the stocks have risen 19.44% 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 $163.41, while 200 days put it at $161.03.

Levels Of Support And Resistance For GOOG Stock

The 24-hour chart illustrates a support level at 164.64, which if violated will result in even more drops to 163.58. On the upside, there is a resistance level at 166.43. A further resistance level may holdings at 167.16. The Relative Strength Index (RSI) on the 14-day chart is 53.55, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 0.83, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 56.36%. Stochastics %K at 56.82% 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 2024-09-13, growing by 0.88 million shares to a total of 42.93 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 42.05 million shares. There was a rise of 2.05%, which implies that there is a positive sentiment for the stock.

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