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Where Will Alphabet Inc Class A (GOOGL) Stock Go Next After It Has Risen 3.85% in a Week?

Thursday, January 26, 2023 10:24 AM | InvestorsObserver Analysts

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Where Will Alphabet Inc Class A (GOOGL) Stock Go Next After It Has Risen 3.85% in a Week?

The market has been down on Alphabet Inc Class A (GOOGL) stock recently. GOOGL gets a Bearish score 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?

In investing, sentiment generally means whether or not a given security is in favor with investors. It is typically a pretty short-term metric that relies entirely on technical analysis. That means it doesn’t incorporate anything to do with the health or profitability of the underlying company. Price action is generally the best indicator of sentiment. For a stock to go up, investors must feel good about it. Similarly, a stock that is in a downtrend must be out of favor. InvestorsObserver’s Sentiment Indicator considers price action and recent trends in volume. Increasing volumes often mean that a trend is strengthening, while decreasing volumes can signal that a reversal could come soon. The options market is another place to get signals about sentiment. Since options allow investors to place bets on the price of a stock, we consider the ratio of calls and puts for stocks where options are available.

What's Happening With GOOGL Stock Today?

Alphabet Inc Class A (GOOGL) stock is trading at $96.63 as of 10:22 AM on Thursday, Jan 26, a rise of $1.41, or 1.48% from the previous closing price of $95.22. The stock has traded between $96.04 and $97.30 so far today. Volume today is light. So far 5,332,279 shares have traded compared to average volume of 32,118,543 shares. 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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