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.
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Source Fool.com
Alphabet Inc. C Stock
€254.40
-1.110%
Our community is currently high on Alphabet Inc. C with 66 Buy predictions and 5 Sell predictions.
With a target price of 260 € there is a slightly positive potential of 2.2% for Alphabet Inc. C compared to the current price of 254.4 €.
