Google's Stock Story: Resilient Growth Amidst Trading Volatility
1min read As of last week, Google C (GOOG) experienced a 1.25% increase, marking a 3.52% rise over the past week and an impressive 25.59% year-to-date growth, resulting in a market capitalization of $2.1604 trillion. On December 5, 2024, Google's trading volume was $28.23 billion, ranking it 18th among U.S. stocks for the day, with a notable drop of 11.85% from the previous day and a total trading volume of 16.1366 million shares.
The tech giant saw a slight dip of 1.01% on December 5, closing at $174.31 per share. Analyzing its recent performance, the stock reported a 2.04% rise over the last five trading sessions, contributing to a 2.24% hike in December alone. Overall, Google C has managed a commendable 23.69% increase in value since the start of this year and a robust 32.63% rise over the past 52 weeks.
Alphabet Inc., Google's parent company established post-restructuring in 2015, encompasses a diverse portfolio including technology, life sciences, capital investment, and research sectors. Google, a key subsidiary, focuses on internet search, cloud computing, and advertising technology, while providing an extensive range of internet-based products and services.
On December 3, 2024, Google registered a trading volume of $27.20 billion, placing it 16th on the list of U.S. stock trades for the day, reflecting a 5.12% decrease. Despite this, the stock inched up by 0.02% to settle at $173.02 per share, resulting in a five-day gain of 1.41%. Throughout December, Google C's shares appreciated by 1.48%, signifying a 22.77% year-to-date increase and a striking 32.45% surge over the last 52 weeks.
The previous day, December 2, marked a significant spike with a trading value at $28.66 billion, a dramatic 81.96% increase. Google concluded this day with a 1.46% rise, finishing at $172.98 per share. This progression continued into December, where the company noted a cumulative 1.46% increase, augmenting the year's total gain to 22.74%. The year-over-year comparison reveals a 29.75% price escalation over the past 52 weeks.
More recently, on December 7, Google's shares saw a midday increase of 1.23%, priced at $176.45 per share, with a trading volume reaching $6.77 billion by 00:22. According to their latest financial results up to September 30, 2024, Google C reported total revenues of $253.549 billion, reflecting a remarkable 14.68% year-over-year growth. Additionally, the company's net profit attributable to the parent company soared by 38.55%, totaling $73.582 billion.
On December 4, the stock traded at $175.24 per share, climbing 1.28% with transactions totaling $5.69 billion at 23:33. These consistent performance indicators underscore Google's enduring strength in the competitive tech landscape, marked by its sustained financial growth and dynamic market presence.