Alphabet Inc. Cl A stock falls Wednesday, underperforms market

By adminAugust 3, 2023 4:31 am EDT0 ViewsNo Comments

Shares of Alphabet Inc. Cl A
GOOGL,
-2.41%
shed 2.41% to $128.38 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index
SPX,
-1.38%
falling 1.38% to 4,513.39 and Dow Jones Industrial Average
DJIA,
-0.98%
falling 0.98% to 35,282.52.

This was the stock’s second consecutive day of losses.

Alphabet Inc. Cl A closed $5.36 below its 52-week high ($133.74), which the company reached on July 28th.

Despite its losses, the stock outperformed some of its competitors Wednesday, as Microsoft Corp.
MSFT,
-2.63%
fell 2.63% to $327.50, Amazon.com Inc.
AMZN,
-2.64%
fell 2.64% to $128.21, and Meta Platforms Inc.
META,
-2.60%
fell 2.60% to $314.31.

Trading volume (26.2 M) remained 7.1 million below its 50-day average volume of 33.3 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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