Why Alphabet (GOOG) Stock Fell 1.7% Today—Key Factors Explained
Wednesday trading saw Alphabet Stock (GOOG) fall as much as 1.7% in a rather surprising development. The company had seen its stock fall to a daily low of $161.12 before ending the day trading above the $162 mark. Additionally, the session volume fell a notable 64% from its average and closed far lower than its $165.70 mark a day earlier. The situation has seen a plethora of research firms update their stance on the stock price. Several, including TD Cowen and UBS, have altered their target price for GOOG. Moreover, Cantor Fitzgerald and Wolfe Research have announced shifts in their ratings in research notes issued this week. Altogether, the stock looks to be inciting a host of different reactions. Source: Yahoo Finance Also Read: Alphabet Inc. US Stock: Target $201: Should You Invest In Google? Alphabet Stock Falls 1.7%: Why GOOG Ended Wednesday at $162 There are few stocks as notable as Alphabet. With a market cap of $2 trillion and a price-earnings ratio of 24.98, it is among the mo...