Shares of Alphabet Inc. Cl A (GOOGL) saw a modest increase of 0.11% on Monday, reaching $132.72. The stock performed well amidst a positive trading session for the overall stock market.
Stock Market Performance
During the trading session, the S&P 500 Index (SPX) rose by 0.15% to reach 4,588.96, while the Dow Jones Industrial Average (DJIA) gained 0.28% and closed at 35,559.53. It marked the seventh consecutive day of gains for Alphabet Inc. Cl A.
Close to 52-Week High
Although Alphabet Inc. Cl A closed $1.02 short of its 52-week high of $133.74, which was achieved on July 28th, the stock continues to demonstrate strength.
Mixed Performance Compared to Competitors
In comparison to its competitors, Alphabet Inc. Cl A displayed a mixed performance on Monday. Microsoft Corp. (MSFT) fell by 0.72% to $335.92, while Amazon.com Inc. (AMZN) rose by 1.11% to $133.68. Additionally, Meta Platforms Inc. (formerly Facebook) (META) experienced a decline of 2.11% to $318.60.
The trading volume for Alphabet Inc. Cl A on Monday was 27.8 million shares, which remained 6.2 million below its 50-day average volume of 34.0 million shares.