Alphabet Inc. Cl A Stock Falls Thursday, Underperforms Market

China Finance Inc

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Company profile

China Finance, Inc., through its wholly owned subsidiary, Shenzhen Hua Yin Guaranty and Investment Limited Liability Corporation (SHY), is engaged in providing surety guarantees for privately owned small and medium enterprises (SMEs) (or operating companies) in the People’s Republic of China entering into transactions, whereby the SME will be acquired by a publicly traded United States reporting company in a reverse merger or other merger and acquisition transaction; providing loan guarantees to assist SMEs and individuals in China in obtaining loans from Chinese banks for business operations and/or personal use, and making direct loans to SMEs for business operations. In addition, the Company is seeking direct investments (including, without limitation, controlling investments) in SMEs that would be made through the Company’s wholly owned subsidiary, Value Global International Limited.

Alphabet Inc. Cl A Stock Falls Thursday, Underperforms Market

4:32 pm ET January 12, 2023 (MarketWatch) Print

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

Shares of Alphabet Inc. Cl A (GOOGL) sank 0.43% to $91.13 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.34% to 3,983.17 and the Dow Jones Industrial Average rising 0.64% to 34,189.97. The stock's fall snapped a four-day winning streak. Alphabet Inc. Cl A closed $60.42 short of its 52-week high ($151.55), which the company achieved on February 2nd.

The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 1.16% to $238.51, Amazon.com Inc. (AMZN) rose 0.19% to $95.27, and Meta Platforms Inc. (META) rose 2.87% to $136.71. Trading volume (30.1 M) remained 1.2 million below its 50-day average volume of 31.4 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 12, 2023.

(END) Dow Jones Newswires

January 12, 2023 16:32 ET (21:32 GMT)