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Why Alphabet Stock Jumped 14% Last Month

TheMotleyFool

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Why Alphabet Stock Jumped 14% Last Month

Shares of Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) were climbing higher last month after the Google parent gained early in the month amid bullishness over the economic reopening and a rise in the broad market. The stock jumped again at the end of April after it delivered a better-than-expected first-quarter earnings report, and it got a number of bullish analyst notes and upgrades along the way.

According to data from S&P Global Market Intelligence, the stock finished the month up 14%. The chart below shows its gains.