Hot Stock To Observe: Alphabet Inc. (GOOGL: NasdaqGS) Could Have Uptrend After COVID-19 Lockdown

On Sunday Alphabet’s shares closed at $1054.13 reaching the lowest price in 2020. This morning it opened at $1,103.98 by adding $49.85 in value. During the lockdown these numbers are awesome. Traded total volume is 1,933,770 which is lower than average 2,253,427.

Most of the revenue of Alphabet Inc comes from Google’s digital advertising platform which is used globally by millions.

Financial Results for the Quarter Ended December 31, 2019:

There was $34,343,000 in net income that usually goes to common shareholders. Q4 net income of the last year was $30,736,000. Google has $755.904B market capitalization which is one of the largest in the U.S stock exchanges. Tech companies’ shares had a steep decrease in price due to the lockdown but Alphabet Inc. shares’ price is oppositely rising.

Alex Krakowsky

Editor in Chief. Living in the era of dynamic tech change Alex decided to stay tuned in changes that make any person find comfort and adapt to new devices. Furthermore, gaming became his passion for spending leisure time with his close ones. Although, he has a degree in Business Administration (majoring in Finance) writing for technology and as well as finance has been one of the precious aspects of his life