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Is Alphabet Inc Class A (GOOGL) a Stock to Watch After Gaining 0.55% This Week?

Thursday, August 18, 2022 10:27 AM | InvestorsObserver Analysts
Is Alphabet Inc Class A (GOOGL) a Stock to Watch After Gaining 0.55% This Week?

Overall market sentiment has been down on Alphabet Inc Class A (GOOGL) stock lately. GOOGL receives a Bearish rating from InvestorsObserver Stock Sentiment Indicator.

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

What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With GOOGL Stock Today?

Alphabet Inc Class A (GOOGL) stock is trading at $119.49 as of 10:26 AM on Thursday, Aug 18, a decline of -$0.06, or -0.05% from the previous closing price of $119.55. Volume today is below average. So far 3,489,113 shares have traded compared to average volume of 32,227,208 shares. The stock has traded between $118.72 and $119.99 so far today. To screen for more stocks like 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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