Got an alert that Google is trending across Reddit right now and figured I should probably stop watching from the sidelines. Stock is at $292 after dropping 3% today and people seem split between "this is a gift" and "there's more pain coming."
What caught my eye is Nancy Pelosi opened a $500K+ position in GOOGL back in January. Say what you want about her but that woman does not lose money on stocks. A couple other members of Congress have been buying too over the last few months.
Meanwhile Sundar sold about 7,800 shares last week at $306 which is… not the most encouraging thing to see from your CEO right before a dip.
So which is it? Pelosi dip buy or Sundar exit signal?
Original alert text for reference for you guys so you understand where I'm coming from:
"Google Trending on Reddit.
People are actively discussing Google's stock performance, with some expressing frustration over its recent decline and others viewing it as a potential buying opportunity. They also discuss Google's involvement in a project with Xcel Energy in Minnesota that combines clean energy with a battery system. Additionally, there is mention of Poland's proposed 3% tax on digital services potentially impacting companies like Google."
$GOOGL down 3% today and trending all over Reddit, is anyone actually buying this dip?
byu/CoolioBeansTTV instocks
Posted by CoolioBeansTTV
8 Comments
Keep buying…thank yourself in a few years.
GOOG is a forever hold for me. Not worried in the least. Will buy more when I have more funds.
Entire AI bucket is getting clobbered today but I can’t seem to find any specific reason. Capex is huge but they’re crushing it in typical Google fashion. Usually it’s because Anthropic released some new update but the heat map for every AI adjacent name is very red.
Vast majority of CEO compensation is stock, so it’s not really a big deal he’s selling.
Yep just DCAed another $200 in a few minutes ago
Nahhh, war is just getting worst.
Aspi up 5% helium bro
It had an amazing run after DOJ took the heat off.