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Why Alphabet Stock Crept Higher in Price on Wednesday
Like a robotaxi slowly advancing down a street to approach its destination, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) stock advanced on Hump Day. Its two share classes both rose in excess of 2% in price during the trading session, on the back of good news for one of its businesses. That bump higher was good enough to beat the flat S&P 500 (SNPINDEX: ^GSPC) on the day.That Alphabet business posting the positive development was its accelerating robotaxi service, Waymo. On Tuesday, in partnership with ride-sharing incumbent Uber Technologies, the company rolled out Waymo in Atlanta. Image source: Getty Images.Continue reading
Like a robotaxi slowly advancing down a street to approach its destination, Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) stock advanced on Hump Day. Its two share classes both rose in excess of 2% in price during the trading session, on the back of good news for one of its businesses. That bump higher was good enough to beat the flat S&P 500 (SNPINDEX: ^GSPC) on the day.
That Alphabet business posting the positive development was its accelerating robotaxi service, Waymo. On Tuesday, in partnership with ride-sharing incumbent Uber Technologies, the company rolled out Waymo in Atlanta.
Image source: Getty Images.
