Why Alphabet Stock Is Falling Today
Shares of the technology giant (NASDAQ: GOOGL) (NASDAQ: GOOG) were sliding this morning after the company announced it's purchasing the cloud security company Wiz for $32 billion in an all-cash deal.
Wiz will become part of Google Cloud when the deal closes later next year. Investors may have been disappointed by the size of the acquisition, which is the company's largest to date. Alphabet's stock was down by 3.2% as of 11:37 a.m. ET.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. C Stock
€267.70
1.190%
With 54 Buy predictions and 4 Sell predictions Alphabet Inc. C is one of the favorites of our community.
As a result the target price of 299 € shows a slightly positive potential of 11.69% compared to the current price of 267.7 € for Alphabet Inc. C.
