Alphabet Inc’s recently made public that its Chief Executive Officer Pichai Sundar unloaded Company’s shares for reported $3.74 million on Oct 16 ’24. In the deal valued at $166.30 per share,22,500 shares were sold. As a result of this transaction, Pichai Sundar now holds 2,106,806 shares worth roughly $360.56 million.
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Then, SUNDAR PICHAI bought 22,500 shares, generating $3,755,250 in total proceeds.
Before that, PICHAI FAMILY FOUNDATION bought 4,000 shares. Alphabet Inc shares valued at $667,600 were divested by the Director at a price of $166.90 per share.
Scotiabank initiated its Alphabet Inc [GOOG] rating to a Sector outperform in a research note published on October 11, 2024; the price target was $212. A number of analysts have revised their coverage, including Pivotal Research Group’s analysts, who began to cover the stock in early October with a ‘”a Buy”‘ rating. TD Cowen also remained covering GOOG and reiterated its “Buy” recommendation on July 10, 2024. Rosenblatt revised its rating on June 28, 2024. It rated GOOG as “a Neutral” which previously was an “a Buy”.
Price Performance Review of GOOG
On Tuesday, Alphabet Inc [NASDAQ:GOOG] saw its stock jump 1.66% to $171.14. Over the last five days, the stock has gained 2.59%. Alphabet Inc shares have risen nearly 21.44% since the year began. Nevertheless, the stocks have risen 38.69% over the past one year. While a 52-week high of $193.31 was reached on 07/10/24, a 52-week low of $123.88 was recorded on 03/05/24. SMA at 50 days reached $163.47, while 200 days put it at $162.87.
Levels Of Support And Resistance For GOOG Stock
The 24-hour chart illustrates a support level at 169.25, which if violated will result in even more drops to 167.35. On the upside, there is a resistance level at 172.45. A further resistance level may holdings at 173.75. The Relative Strength Index (RSI) on the 14-day chart is 64.08, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 7.05%. Stochastics %K at 80.91% 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 2024-10-15, dropping by -6.85 million shares to a total of 36.07 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 42.93 million shares. There was a decline of -19.0%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on April 08, 2024 when Oppenheimer resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $185.
