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How Will the Market React to Alphabet Inc Class A (GOOGL) Stock Getting a Bullish Rating

Friday, March 24, 2023 10:01 AM | InvestorsObserver Analysts

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How Will the Market React to Alphabet Inc Class A (GOOGL) Stock Getting a Bullish Rating

Alphabet Inc Class A (GOOGL) stock has gained 3.04% over the past week and gets a Bullish rating from InvestorsObserver Sentiment Indicator.

Sentiment Score - ,bullish
Alphabet Inc Class A has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on GOOGL!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With GOOGL Stock Today?

Alphabet Inc Class A (GOOGL) stock is trading at $104.71 as of 9:51 AM on Friday, Mar 24, a drop of -$0.89, or -0.84% from the previous closing price of $105.60. The stock has traded between $104.38 and $105.33 so far today. Volume today is below average. So far 1,674,922 shares have traded compared to average volume of 39,810,599 shares. To see InvestorsObserver's Sentiment Score for Alphabet Inc Class A click here.

More About Alphabet Inc Class A

Alphabet is a holding company. Internet media giant Google is a wholly owned subsidiary. Google generates 99% of Alphabet revenue, of which more than 85% is from online ads. Google's other revenue is from sales of apps and content on Google Play and YouTube, as well as cloud service fees and other licensing revenue. Sales of hardware such as Chromebooks, the Pixel smartphone, and smart home products, which include Nest and Google Home, also contribute to other revenue. Alphabet's moonshot investments are in its other bets segment, where it bets on technology to enhance health (Verily), faster internet access to homes (Google Fiber), self-driving cars (Waymo), and more. Alphabet's operating margin has been 25%-30%, with Google at 30% and other bets operating at a loss. Click Here to get the full Stock Report for Alphabet Inc Class A stock.

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