share_log

Why Alphabet Shares Are Diving Today

Benzinga Real-time News ·  May 21, 2022 02:50

Alphabet Inc Class A (NASDAQ:GOOGL) (NASDAQ:GOOG) shares are trading lower by 3.81% at $2,123.64. Stocks have been highly volatile following the Federal Reserve's recent 50 basis point rate hike, which has weighed on the Nasdaq heavily.

Alphabet Class A is also trading lower by 17.31% over the trailing month as investors digest the latest U.S. inflation data, which came in higher-than-expected. Anticipation of further Fed policy tightening has also continued to weigh on stocks across sectors.

See Also: Why Palo Alto Networks Stock Is Moving Higher

Alphabet is a holding company, with Google, the Internet media giant, as a wholly owned subsidiary.

According to data from Benzinga Pro, Alphabet Inc Class A has a 52-week high of $3,030.93 and a 52-week low of $2,115.93.

The above content is for informational or educational purposes only and does not constitute any investment advice related to Futu. Although we strive to ensure the truthfulness, accuracy, and originality of all such content, we cannot guarantee it.
    Write a comment