Alphabet Inc. shares saw a price rise since October as Google CEO Mr. Sundar Pichai took over the reins on Nov 4, 2019. The founders, Larry Page and Sergey Brin stepped down from the top management and elevated Pichai as CEO.
Following the news, Alphabet shares price increased by 2%. This resulted in one of their highest One-Day Gains since in the last 6 months. The stock closed at $1,294.74 in New York, leaving it up about 24% so far this year.
Also, shares are being traded at a higher rate since the news surfaced. Eqis Capital Management Inc purchased Alphabet stocks and increased its holdings by 5.3%. Altavista Wealth Management Inc. sold it 5% shares, while AR Asset Management Inc. sold 40 shares of Alphabet Inc.