Alphabet Inc. (NASDAQ:GOOG) – Sizzling News Alert

On 9/20/2017, shares of Alphabet Inc. (NASDAQ:GOOG) rose +1.06% in trading day and to end with $931.58. The company traded volume of 1.67 million shares versus to its average volume of 1.52 million shares. The stock has a high value of $988.25 and its lowest is seen at $727.54 over the 52-week year trading period. The company has a market value of $645.47B. Due to positive stream, the stock’s recent final price is higher than its previous close of $921.81.

Google (NASDAQ: GOOG, GOOGL) and HTC Corporation (TWSE: 2498) today announced a definitive agreement under which certain HTC employees – many of whom are already working with Google to develop Pixel smartphones – will join Google. HTC will receive US$1.1 billion in cash from Google as part of the transaction. Separately, Google will receive a non-exclusive license for HTC intellectual property (IP).

The agreement is a testament to the decade-long strategic relationship between HTC and Google around the development of premium smartphones. This agreement also supports HTC’s continued branded smartphone strategy, enabling a more streamlined product portfolio, greater operational efficiency and financial flexibility. HTC will continue to have best-in-class engineering talent, which is currently working on the next flagship phone, following the successful launch of the HTC U11 earlier this year. HTC will also continue to build the virtual reality ecosystem to grow its VIVE business, while investing in other next-generation technologies, including the Internet of Things, augmented reality and artificial intelligence.

For Google, this agreement further reinforces its commitment to smartphones and overall investment in its emerging hardware business. In addition to the talented and experienced team of professionals, Google will continue to have access to HTC’s IP to support the Pixel smartphone family. Additionally, this agreement also represents a significant investment by Google in Taiwan as a key innovation and technology hub.

The stock price revealed up shift from its 200 SMA of $909.94 with +2.38% and showed positive move of +0.82% from 50 SMA of $924.03. Analysts suggested consensus target price at $1053.00 for twelve month for next one year. In last trading, the maximum price level of the stock was $933.88 and minimu price level of the share was $922.00.

Richard Morris

Richard Morris has practical experience in politics and current affairs. Before going along with US Stock Journal Content Solutions Unit (CSU), he worked in a senior article part at Wall Street and Technology where he provided details regarding all viewpoints at the crossing point of politics. Connect to Richard richard@usstockjournal.com