Shares of Alphabet Inc. Cl A (GOOGL) experienced a modest increase of 0.87% on Monday, reaching a price of $153.51. This gain occurred during a favorable trading session for the broader market, with the S&P 500 Index rising 0.76% to 4,927.93 and the Dow Jones Industrial Average climbing 0.59% to 38,333.45.
Continual Growth for Alphabet Inc. Cl A
This marked the fifth consecutive day of gains for Alphabet Inc. Cl A. Notably, the company achieved a new 52-week high, surpassing its previous peak of $153.05 set on January 25th.
Underperformance Compared to Competitors
While Alphabet Inc. Cl A demonstrated slight growth, it underperformed when compared to some of its competitors on Monday. Microsoft Corp. (MSFT) rose by 1.43% to $409.72, Amazon.com Inc. (AMZN) increased by 1.34% to $161.26, and Meta Platforms Inc. (META) saw a significant rise of 1.75% to $401.02.
Robust Trading Volume
The trading volume for Alphabet Inc. Cl A reached 27.6 million shares, slightly surpassing its 50-day average volume of 27.5 million shares.
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