Down Over 10% From Its All-Time High, Is Now the Perfect Time to Buy Alphabet Stock?
Alphabet has been one of the best tech stocks to own over the past year.
Overview
Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) has been a top stock to own over the past year. If you bought shares at this time last year, you're up about 100% on your investment. However, the stock has shown some weakness lately and is currently about 12% off its all-time high set at the beginning of May.
With the stock going on sale for the first time in a while, many investors are wondering if this is their chance to get into Alphabet stock at a much lower price. Let's take a look at Alphabet's long-term prospects and see if this dip is a smart time to buy the stock.
Image source: The Motley Fool.
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Originally published at www.fool.com.
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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.