Alphabet shares fell 6.9% to $318.34, breaking a key technical level after disappointing earnings results.
Alphabet’s stock closed at $318.34, down 6.9%, after breaking below its 200-day moving average for the first time in over a year. The decline followed an earnings-driven selloff, marking a sharp reversal from recent gains.
The 200-day moving average is a closely tracked technical indicator, often signaling shifts in investor sentiment. Prior to Thursday’s drop, Alphabet had traded above the level since early 2023, reflecting a sustained uptrend.
The move underscores growing concerns over the company’s growth trajectory amid broader market volatility.