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Markets · Investing · Business
Finance
2 Numbers Matter More to Alphabet Stock's Performance Than Anything Else Right Now
Despite its massive size, this internet titan's share price is up 150% in the past three years.
Alphabet(NASDAQ: GOOGL)(NASDAQ: GOOG) established its all-time high price in May. Since that peak, shares have fallen 15% (as of Sept. 11). The latest dip hasn't gotten in the way of what has been a fantastic run.
The Magnificent Seven stock has still soared 43% in the past 12 months. Over the past three years, the shares are up a noteworthy 150%. It can be mind-boggling to see a business of this scale continue to put up these kinds of outsize returns.
Details
To understand what's driving the momentum, investors should focus on two key numbers. I believe these data points matter more to the Alphabet thesis than anything else right now.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
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