Published on 18 Nov 2022 on Market Watch
Alphabet Inc. Cl A stock falls Friday, underperforms market
Shares of Alphabet Inc. Cl A slipped 0.95% to $97.43 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.48% to 3,965.34 and the Dow Jones Industrial Average rising 0.59% to 33,745.69. This was the stock's second consecutive day of losses. Alphabet Inc. Cl A closed $54.12 short of its 52-week high ($151.55), which the company reached on February 2nd.
The stock underperformed when compared to some of its competitors Friday, as Apple Inc. rose 0.38% to $151.29 and Microsoft Corp. fell 0.19% to $241.22. Trading volume (27.7 M) remained 6.2 million below its 50-day average volume of 33.9 M.