Alphabet Inc. Cl A Stock Rises Thursday, Outperforms Market

Panasonic Holdings Corp

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Consumer Discretionary : Household Durables | Large Cap Value
Based in Japan

Company profile

Panasonic Corporation is a Japan-based company engaged in the integrated electronics related business. The Company has four business segments. The Appliance segment is engaged in the development, manufacture and sale of products for home appliance, beauty, health and other business to consumer (BtoC) business, as well as devices, energy and other business to business (BtoB) business. The Eco Solutions segment is engaged in the development, manufacture and sale of electrical equipment, housing materials and other products for construction business. The Connected Solutions segment is engaged in the development, manufacture and sale of products for distribution, logistics, entertainment, public, avionics and manufacturing business. The Automotive and Industrial Systems segment is engaged in the development, manufacture and sale of products for automotive motorized systems business, as well as batteries and other BtoB business. The Company is also engaged in the sale of raw materials.

Alphabet Inc. Cl A Stock Rises Thursday, Outperforms Market

4:31 pm ET November 10, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Alphabet Inc. Cl A (GOOGL) rallied 7.58% to $93.94 Thursday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 5.54% to 3,956.37 and the Dow Jones Industrial Average rising 3.70% to 33,715.37. Alphabet Inc. Cl A closed $57.61 short of its 52-week high ($151.55), which the company reached on February 2nd.

The stock underperformed when compared to some of its competitors Thursday, as Apple Inc. (AAPL) rose 8.90% to $146.87 and Microsoft Corp. (MSFT) rose 8.23% to $242.98. Trading volume (51.0 M) eclipsed its 50-day average volume of 32.7 M.

Data source: Dow Jones Market Data, FactSet. Data compiled November 10, 2022.

(END) Dow Jones Newswires

November 10, 2022 16:31 ET (21:31 GMT)