Shares of Alphabet Inc. Cl A (GOOGL, +2.55%) experienced a significant advance of 2.55% on Wednesday, reaching a price of $132.37. This uptick occurred during an overall excellent trading session for the stock market, with the S&P 500 Index (SPX, +1.10%) surging 1.10% to reach 4,436.01, and the Dow Jones Industrial Average (DJIA, +0.54%) rising by 0.54% to reach 34,472.98.
Impressively, this marks the third consecutive day of gains for Alphabet Inc. Cl A.
Although the stock closed at $1.37 below its 52-week high ($133.74), which it achieved on July 28th, it still outperformed some of its competitors on Wednesday. For instance, Microsoft Corp. (MSFT, +1.41%) witnessed a 1.41% increase to reach $327.00, Amazon.com Inc. (AMZN, +0.95%) saw a 0.95% increase to reach $135.52, and Meta Platforms Inc. (META, +2.31%) experienced a substantial 2.31% surge to reach $294.24.
It's worth mentioning that the trading volume for Alphabet Inc. Cl A stood at 27.3 million, which remains 3.3 million below its 50-day average volume of 30.6 million.