Why Alphabet Stock Dropped 5% After Earnings
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) stock is worth $1 trillion again -- and that's not good news.
Before earnings came out yesterday (after close of trading), the internet search giant was trading at about $1,500 a share and sported a market capitalization of $1.05 trillion. Today, investors are selling the stock -- still down 4.5% as of 1:30 p.m. EDT -- and the Google parent's shares are back at the $1 trillion level.
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Source Fool.com
