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Investing in Alphabet Inc (GOOG) Is Getting More Attractive

Alphabet Inc’s filing revealed that its Director ARNOLD FRANCES acquired Company’s shares for reported $18868.0 on Nov 29 ’24. In the deal valued at $169.98 per share,111 shares were bought.

Then, Pichai Sundar sold 22,500 shares, generating $3,975,018 in total proceeds. Upon selling the shares at $176.67, the Chief Executive Officer now owns 2,061,806 shares.

Before that, SUNDAR PICHAI bought 22,500 shares. Alphabet Inc shares valued at $4,040,550 were divested by the Director at a price of $179.58 per share.

Seaport Research Partners upgraded its Alphabet Inc [GOOG] rating to a Buy from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid October with a ‘”a Sector outperform”‘ rating. Pivotal Research Group began covering GOOG with “Buy” recommendation on October 01, 2024. TD Cowen maintained its rating on July 10, 2024. It rated GOOG as “a Buy”.

Price Performance Review of GOOG

On Friday, Alphabet Inc [NASDAQ:GOOG] saw its stock fall -0.19% to $170.49. Over the last five days, the stock has gained 0.74%. Alphabet Inc shares have risen nearly 20.97% since the year began. Nevertheless, the stocks have risen 24.99% over the past one year. While a 52-week high of $193.31 was reached on 07/10/24, a 52-week low of $129.40 was recorded on 03/05/24. SMA at 50 days reached $169.85, while 200 days put it at $165.89.

Levels Of Support And Resistance For GOOG Stock

The 24-hour chart illustrates a support level at 169.20, which if violated will result in even more drops to 167.92. On the upside, there is a resistance level at 171.32. A further resistance level may holdings at 172.16. The Relative Strength Index (RSI) on the 14-day chart is 46.86, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -4.21, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 72.32%. Stochastics %K at 28.85% 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 2024-11-15, growing by 2.41 million shares to a total of 40.44 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 38.03 million shares. There was a rise of 5.95%, which implies that there is a positive sentiment for the stock.

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