What is the stock market?
The stock market, share market, or equity market is the collection of public markets for buying, selling, and issuing shares of companies that are publicly held. These activities are conducted through over-the-counter (OTC) marketplaces that follow certain rules and regulations. Stocks represent fractional ownership in a company. NASDAQ is a stock exchange market. It was designed to allow traders to buy and sell shares on an automatic online platform instead of doing so in person. It was the world’s first fully automatic platform in 1971 and is currently the world’s second-largest stock exchange market. It represents many companies like Alphabet Inc. Let’s see more about NASDAQ: GOOGL at
About Alphabet Inc.
Everybody knows about Google and its subsidiaries. Alphabet is a company that has taken over everything led by Google. It was developed by the founders of Google in 2015. The developers wanted to reorganize their businesses to make their activities “cleaner and more accountable.” In other words, it is a collection of companies. It includes many more fields like health efforts. It allows the management to run independent things easily. With Alphabet, each business has a strong CEO to run it and the compensation is also determined. The setting allows the developers to focus individually on the different opportunities besides Google. Their two classes of shares trade on NASDAQ as NASDAQ: GOOGL.
What are the aims of Alphabet?
- Being able to complete ambitious things.
- Empowering entrepreneurs and companies to flourish.
- Taking the long-term view of several issues.
- Improving the company’s transparency.
- Investing in different opportunities and resources.
- Making different companies even better.
- Improving as many lives as possible.
The stocks of Alphabet are of two types – GOOG and GOOGL. shares have no voting rights but GOOGL shares do. GOOGL shares are class-A shares or common stock, and shares are class-C shares. Class-B shares are held by founders and others who grant 10 shares per vote.
As of 18 August 2020, the stock price of NASDAQ: GOOGL was $1555.78. The previous close was $1516.24. The 52-week high was recorded to be $1587.05 and the 52-week low was $1008.87. 57.89% of analysts rated the stock as a ‘Buy’, 28.95% rated is a ‘Strong Buy’, and 13.16% analysts rated it as a ‘Hold’. The GOOGL stocks reached an all-time intraday high of 1530.74 in February 2019. With its innovations and futuristic features, shareholders are likely to gain profits for the foreseeable future. The stocks are seen as a good buy. You can buy stocks after checking more stock news.
Disclaimer: The analysis information is for reference only and does not constitute an investment recommendation.