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
€267.10
0.020%
Currently there is a rather positive sentiment for Alphabet Inc. C with 53 Buy predictions and 5 Sell predictions.
As a result the target price of 279 € shows a slightly positive potential of 4.46% compared to the current price of 267.1 € for Alphabet Inc. C.
