The fourth most valuable company in the world, Alphabet Inc with the ticker $GOOGL currently has a market capitalization of $1.950 trillion with the current share price at $158.99. $GOOGL has appreciated with 14.41% in the last one year. The monthly chart is majorly characterized with higher highs and higher lows. The total number of employees as of today stands at 182,500 globally and in the last 7 quarters, $GOOG has been consistently profitable.
In July 2024, price of $GOOG reached an all-time high at $194.31. As soon as the high was reached, the bears pushed price lower which resulted in a bearish close for the last two months. Also, price has continued with the downward slope this month with the current price at $158.99 after a rally from the 3 months low at $148.64. The bulls seem to be fully back into action, as we might see a continued rally from the support level of $148.64. We could see price reach new highs, which could eventually make the price of $GOOG reach $200 before the end of this year.
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