Google's Rollercoaster Ride: Despite Dips, Stock Shows Impressive Year-to-Date Gains
1min read As of last week, Alphabet Inc.'s Google C (GOOG) experienced a slight retreat, falling 1.16% and marking a two-day decline of 2.71%. Despite this pullback, the stock showed strength over the past week with an 8.56% increase and a year-to-date rise of 36.38%, bringing its latest market capitalization to $2.343 trillion.
On December 13, 2024, Google C closed at $191.38, showing a decrease of 1.16% for the day. The stock maintained a robust five-day growth of 8.44%, a monthly gain of 12.25%, and a 35.80% increase year-to-date. Over the previous 52 weeks, it has surged by 42.99%, reflecting its substantial market performance. During this day, the trading volume was notable, reaching 18.88 million, with the company ranking 16th in daily trading value across U.S. stocks at $3.634 billion, though this was a 26.07% decrease compared to the prior session.
Founded in 1998, Google, now a subsidiary of Alphabet Inc., was reorganized as part of Alphabet's structural transformation in 2015. The company spans a diverse range of sectors, including technology and life sciences, with strategic investments and extensive research initiatives. Google's focus extends into internet search, cloud computing, and advertising technologies, with a commitment to developing and offering a vast array of internet-based products and services to the global market.
Significantly, on December 10, 2024, Google C witnessed a notable trading volume of 34.28 million and ranked tenth in the U.S. stock market by trading value, amounting to $6.366 billion, an 80.82% increase compared to the previous day. The stock rose by 5.32%, closing at $186.53, further cementing a five-day upside of 7.81% and a 38.48% boost over the past 52 weeks.
Financial highlights as of September 30, 2024, underscore Google's robust fiscal health, with total revenues reaching $253.549 billion, marking a 14.68% year-over-year increase. The net income attributable to the parent stood at $73.582 billion, a substantial 38.55% rise, illustrating the company's successful expansion and profitability.
Looking forward, investors are keenly awaiting Google's annual report for the fiscal year 2024, scheduled for release on February 4, 2025. This upcoming disclosure is anticipated to provide further insights into Google C's financial trajectory and strategic outlook.
