Why Alphabet (GOOGL) Stock Jumped While the Rest of Tech Sold Off

A Sub-20 P/E on GOOGL? The Market May Be Missing Something

Alphabet shares rose after its P/E fell near 17.5, a discount to the S&P 500, while a 22-year nuclear power deal with Fortum and Buy-rated analyst support point to long-term strength.

Alphabet (GOOGL) Stock Surges 2.2% as Tech Sector Tumbles

Alphabet (GOOGL) stock gained 2.2% despite tech selloff, driven by dividend payment, $1.5B Mechanize acquisition, and $505 price target with 50% upside potential.

Why Alphabet (GOOGL) Stock Jumped While the Rest of Tech Sold Off

TLDR Alphabet stock rose 2.2% in pre-market trading to $345.84, driven by its $0.22 quarterly dividend payment landing on September 14. Google completed its acquisition of AI startup Mechanize for more than $1.5 billion. Waymo announced plans to launch its first European robotaxi service in Munich...

Reynders McVeigh Capital Management LLC Acquires 2,108 Shares of Alphabet Inc. $GOOG

Reynders McVeigh Capital Management LLC grew its holdings in shares of Alphabet Inc. (NASDAQ:GOOG – Free Report) by 1.3% in the second quarter, HoldingsChannel reports. The fund owned 159,384 shares of the information services provider’s stock after purchasing an additional 2,108 shares during the quarter. Alphabet makes up about 2.3% of Reynders McVeigh Capital Management […]