The FX PostThe FX Post
    What's Hot

    Man charged in New York with 3-week kidnapping to try to steal Bitcoin

    May 30, 2025

    Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

    May 29, 2025

    Second suspect in New York bitcoin kidnapping surrenders to police

    May 28, 2025
    The FX Post The FX Post
    • Best Fx Robots
    • Forex
      • News
      • Forex 101
      • Forex Forecasts
      • Broker Reviews
    • Crypto
      • News
      • Crypto 101
      • Crypto Forecasts
      • Crypto Reviews
    • Indices
      • News
      • Analysis
      • Commodities
      • Reviews
    • Automated Trading
      • Forex Signals
      • Forex Robots
      • Copy Trading
    • Top
      • Best Forex Robots
    The FX PostThe FX Post
    Home » Alphabet Inc. sees a significant selloff in its shares
    News

    Alphabet Inc. sees a significant selloff in its shares

    October 25, 20232 Mins Read
    Facebook Twitter Pinterest LinkedIn Reddit
    Share
    Facebook Twitter LinkedIn Pinterest Reddit

    Alphabet Inc., the parent company of Google, experienced a substantial decline in its stock value on Wednesday, resulting in the fifth-largest one-day loss in market value for any U.S. company to date.

    The company’s shares, traded as GOOG and GOOGL, fell by 9.5% during Wednesday’s trading session. This decline caused Alphabet to lose a staggering $166.64 billion in market value, according to Dow Jones Market Data. It is the largest one-day loss ever recorded for Alphabet, surpassing similar losses experienced by Meta Platforms Inc., Amazon.com Inc., Apple Inc., and Microsoft Corp. in the past.

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more

    To put this into perspective, Alphabet’s market cap decrease is greater than the entire market capitalizations of other major companies such as Nike Inc., Advanced Micro Devices Inc., and Walt Disney Co.

    This 9.5% drop in Alphabet’s Class A shares marks its worst single-day percentage decline since March 16, 2020, when the company experienced an 11.6% loss.

    In addition, Wednesday’s decline represents the largest post-earnings one-day percentage decline for Alphabet’s Class A shares since July 18, 2008, when they fell by 9.8%, as reported by Dow Jones Market Data.

    Alphabet had recently announced its quarterly earnings which exceeded overall revenue and earnings expectations. However, analysts were less optimistic about the company’s margin potential going forward due to underwhelming performance in its cloud-computing business.

    Barclays analyst Ross Sandler commented on the situation, stating, “Expectations were high heading into GOOG results, and while the top-line delivered in the most important areas, we wouldn’t be surprised if investors rotate a bit into other mega-cap tech names near-term.”

    It is evident that the market’s reaction to Alphabet’s earnings report has sparked concerns among investors, leading to the significant decline in its stock value.

    Read: Google earnings just crushed two big bullish hopes for Alphabet’s stock

    Opinion: Microsoft and Alphabet results show Wall Street only cares about AI

    Markets are invaded by algorithms
    Secure your passive income with algo-based trading systems
    Learn more
    Share. Facebook Twitter Pinterest LinkedIn Reddit

    Related Posts

    Man charged in New York with 3-week kidnapping to try to steal Bitcoin

    May 30, 2025

    Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026

    May 29, 2025

    Second suspect in New York bitcoin kidnapping surrenders to police

    May 28, 2025

    Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival

    May 28, 2025
    Add A Comment

    Leave A Reply Cancel Reply

    80  +    =  90

    Best FX Post
    Best Forex Robots (Expert Advisors) 2021

    Best Forex Robots (Expert Advisors) 2022: Passive Income From Algo Trading Systems

    July 7, 2021

    Top 10 Lending Platforms for Crypto Loans

    June 1, 2022
    forex eurusd trading charts

    Top 10 Best Forex Brokers In All Times

    June 1, 2022
    Recent Posts
    • Man charged in New York with 3-week kidnapping to try to steal Bitcoin
    • Goldman Sachs Expert Predicts Significant Gold Price Surge by 2026
    • Second suspect in New York bitcoin kidnapping surrenders to police
    • Apple to debut dedicated gaming app within days of Nintendo Switch 2’s arrival
    • Satoshi Nakamoto, BlackRock, and TechBerry — a new investigation by Newsweek
    Featured Reviews

    Traders Connect Review

    May 18, 2023

    System Levels Review

    May 26, 2023
    TechBerry

    TechBerry Review: Pros, Cons, Recommendations

    September 18, 2021
    Categories
    • Analysis
    • Automated Trading
    • Best FX Post
    • Broker Reviews
    • Commodities
    • Copy Trading
    • Crypto
    • Crypto 101
    • Crypto Bots
    • Crypto Forecasts
    • Crypto Reviews
    • Crypto Robot
    • Forex
    • Forex 101
    • Forex Forecasts
    • Forex Robots
    • Forex Signals
    • Forex Signals
    • Guides
    • Indices
    • News
    • News
    • News
    • News
    • Reviews
    • Reviews
    • Uncategorized
    Twitter BlogLovin
    © 2025, Thefxpost.com.
    • Contact

    Type above and press Enter to search. Press Esc to cancel.