NEW YORK – Shares of Alphabet Inc. Class C (NASDAQ: GOOG) closed in negative territory on Friday after a turbulent trading session that saw the tech giant’s stock fluctuate within a three-dollar range. The stock finished the day at
0.66 (0.34%).
The modest closing figure belies the day’s volatility. After opening at $194.41, just above the previous close of $194.08, shares pushed to a daily high of $194.82. However, selling pressure mounted through the morning, driving the stock to an intraday low of $191.86 around noon. A recovery in the afternoon helped pare the losses, but the stock was unable to fully rebound by the closing bell. In after-hours trading, the stock saw minimal movement, ticking down slightly to $193.35.
This session’s performance adds another chapter to the stock’s journey within its 52-week range of $142.66 to $208.70. Despite the daily dip, Alphabet maintains its position as one of the world’s most valuable companies, with a market capitalization of approximately $2.33 trillion.
Investors continue to weigh the company’s fundamentals, including a P/E ratio of 20.91 and its recently initiated dividend. The company’s quarterly dividend of $0.21 per share provides a yield of 0.43%, a move that has broadened its appeal to income-focused investors. As the market digests this volatile session, traders will be closely monitoring whether the intraday low acts as a new support level or if further fluctuations are on the horizon for the search and AI powerhouse.
