Shares of Alphabet Inc. Cl A (GOOGL) experienced a slight increase of 0.59% on Tuesday, reaching a price of $117.14. This positive movement occurred during a favorable trading session for the overall stock market. The S&P 500 Index rose by 0.67% to reach 4,439.26 points, and the Dow Jones Industrial Average saw a 0.93% increase, closing at 34,261.42.
This upward movement in Alphabet’s stock put an end to a three-day losing streak. However, it’s worth noting that the company closed $11.90 below its 52-week high of $129.04, which was achieved on June 7th.
When compared to some of its competitors, Alphabet’s performance was mixed. Microsoft Corp. (MSFT) observed a 0.19% increase, reaching a price of $332.47. Amazon.com Inc. (AMZN) experienced a more significant increase of 1.30%, closing at $128.78. Meanwhile, Meta Platforms Inc. (META) saw a 1.42% rise, reaching $298.29.
Despite this positive movement, trading volume for Alphabet Inc. remained below its 50-day average volume. On Tuesday, the trading volume was 23.0 million, which is 10.8 million lower than the 50-day average volume of 33.8 million.