Shares of Alphabet Inc. Cl A (GOOGL) experienced a notable surge on Wednesday, closing at $118.93, marking a 1.53% increase. This positive performance aligned with a great trading session for the overall stock market. The S&P 500 Index (SPX) rose 0.74% to reach 4,472.16, while the Dow Jones Industrial Average (DJIA) increased by 0.25% to close at 34,347.43.
Second Consecutive Day of Gains
Alphabet Inc. Cl A secured its second consecutive day of gains, demonstrating its resilience in the market. However, it closed $10.11 below its 52-week high of $129.04, which the company achieved on June 7th.
Mixed Performance Compared to Competitors
When compared to its competitors on Wednesday, Alphabet Inc. Cl A displayed a mixed performance. Microsoft Corp. (MSFT) saw a rise of 1.42%, reaching $337.20, and Amazon.com Inc. (AMZN) experienced a 1.57% increase, closing at $130.80. Meta Platforms Inc. (META) also witnessed growth, with a notable rise of 3.70% to $309.34.
Trading Volume
Alphabet Inc. Cl A had a trading volume of 30.2 million shares on Wednesday, which remained 3.0 million below its 50-day average volume of 33.2 million.