Mountain View, CA – May 29th – Alphabet Inc. Class C (GOOG) is demonstrating resilience in early trading today, with shares ticking into positive territory after an initial dip from the market open. As of 10:02 am GMT-4, the tech behemoth’s stock was priced at $173.60 USD, marking an increase of $0.22 (0.13%) for the session.
The day’s trading saw Alphabet open strongly at $175.00, reaching an early high of $175.40. Following a brief pullback to an intraday low of $173.23, the stock has since recovered, surpassing its previous closing price of $173.38.
This positive movement underscores investor interest in the Google parent, which boasts a massive market capitalization of approximately $2.12 trillion. The company’s shares are trading with a P/E ratio of 19.67, considered reasonable for a tech leader of its scale, and offer investors a dividend yield of 0.48%.
Looking at the broader performance, Alphabet’s stock has navigated a 52-week range between a low of $142.66 and a high of $208.70. Today’s incremental gain, though modest, points to a stable footing and potential for continued upward momentum for the tech giant as the trading day progresses.
