Alphabet shares rise for third consecutive day, lagging behind annual high

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Alphabet shares rise for third consecutive day, lagging behind annual high
Credit: © Reuters.

Alphabet (NASDAQ: GOOGL ) Inc.'s shares continued their upward trajectory today, marking a third consecutive day of gains, as the stock increased by 1.26% to $129.10. This growth trend aligns with the broader market, as both the S&P 500 Index and Dow Jones also experienced increases of 0.94% and 0.66% respectively.

Despite this positive momentum, Alphabet's stock price remained $12.12 below its annual high of $141.22, which was attained on October 12th. This puts Alphabet's performance in a mixed light when compared to peers Microsoft Corp (NASDAQ: MSFT )., Amazon.com Inc (NASDAQ: AMZN )., and Meta Platforms Inc (NASDAQ: META )., all of which experienced rises today of 1.29%, 0.38%, and 1.20% respectively.

The trading volume for Alphabet was documented at 26.1 million shares, indicating a shortfall against its average trading volume. This suggests that while the stock is experiencing growth, it may not be attracting the same level of investor interest as usual.

As the market continues to show signs of growth, all eyes will be on Alphabet and its fellow tech giants to see if they can maintain their upward momentum and reach new highs in the coming days and weeks.

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