Why Alphabet Stock Was Falling Today
Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were sliding today on a report from Bloomberg last night that the U.S. Department of Justice was considering a full-scale breakup of the company following earlier lawsuits, including a ruling by a judge last week that said payments to companies like Apple and Samsung to be the default search engine on their devices constituted an illegal monopoly.
As of 11:35 a.m. ET on Wednesday, Alphabet stock was down 3.2%.
Image source: Getty Images.
Source Fool.com
Alphabet Inc. C Stock
€267.15
-0.210%
The stock is one of the favorites of our community with 53 Buy predictions and 4 Sell predictions.
On the other hand, the target price of 260 € is below the current price of 267.15 € for Alphabet Inc. C, so the potential is actually -2.68%.
