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Alphabet's stock passes $1,000 for first time

Staff Writer | June 5, 2017
The stock price of Alphabet, the parent company of Google, surpassed the $1,000 per share milestone Monday morning.
stock price of Alphabet
Technology   Class A stock price
The company's Class A stock price has been soaring this year from a 52-week low of $672.66.

Last Tuesday, shares of Amazon broke through $1,000 for the first time. Amazon has a market value of $478 billion.

Alphabet's market value is now about $680 billion, second only to Apple at more than $800 billion.

On Monday, analyst Andy Hargreaves suggested investors buy Alphabet instead of Apple because of the potential for iPhone sales to decline in 2019.


 

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