Alphabet Inc. (GOOG) Outpaces Stock Market Gains

The GOOG stock price fluctuated between $2697.81 and $2715.43 throughout the trading session with the volume trading being 331935 shares, which represented a negative variation when compared to the three months average volume of 1M shares.

The share price of Alphabet Inc. (NasdaqGS:GOOG) dipped -1.06% to close Friday’s market session at $2701.98, lower as compared to yesterday’s close which brings the market valuation of the company to $1.8T.

The 52-week high for the Alphabet Inc.’s shares is $2,800.22. This is the highest price the GOOG shares have gotten with a great gain of 84.15% since the share price dropped to a 52-week low of $1,406.55.

What does the trading volume tell us about the GOOG stock?

During the last trading session, Alphabet Inc. (NasdaqGS:GOOG) has seen growth in its daily volume. The daily volume was of 1M, while in the last 10 days the average was 1.33M and last three months – 1.21M.
The increasing interest in the GOOG stock from the investors is helping to drive the stock price up.

Shrinking short interest

The Alphabet Inc.’s shares are seeing a decreasing short interest compared to the previous month. As of today, there are 2.48M shares being shorted which translates into 2.19 of a short ratio for GOOG, while in the previous month the shorted shares were 3.14M.

Alphabet Inc. (NasdaqGS:GOOG) financials

With a market cap of 1.8T, Alphabet Inc. holds a total cash of $135.86B that translates into $203.77 per share, while the total debt is of $28.1B.

The company has seen an increase in the revenue with a year-over-year quarterly revenue growth percentage of 61.60%. The current revenue is of $220.27B that is $326.66 per share.
This is a great sign for a bright future.