Alphabet's first-quarter earnings showed better-than-expected results, leading to a massive spike in share prices. The company will be participating in massive share buybacks of $70 billion, which received a highly favorable response from investors. Stock traders should watch for potential retracements lower, with key price levels at $161.70 and $151.08 potentially offering attractive areas to build long positions.
Read MoreBill Ackman is the CEO of Pershing Square Capital Management, a hedge fund with a large position in Alphabet stock. Alphabet is historically known to be an advertising conglomerate, but investments in AI are helping the company grow in many other areas.
Read MoreBill Ackman is the CEO of Pershing Square Capital Management, a hedge fund with a large position in Alphabet stock. Alphabet is historically known to be an advertising conglomerate, but investments in AI are helping the company grow in many other areas.
Read MoreIn a historic move, Alphabet Inc. (GOOG, GOOGL) has announced it's first-ever $70 billion share repurchase program and quarterly dividend. The dividend, set at $0.20 per share, will be distributed to eligible shareholders on June 17, 2024.
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