Alphabet (GOOG -1.44%) (GOOGL -1.43%) has been stuck in the mud, but is the stock a buy now? Alphabet, the parent company of Google, will initiate a 20-for-1 stock split after market close on Friday, July 15. Alphabet’s stock price soared to all-time highs after the pandemic, but it’s been trading lower since its highs in February 2022. Do the shares have more pain ahead, or is Alphabet stock a buy now?
Of course, you do not own more of Alphabet because of the stock split. If you cut a pizza into 20 slices, you still have one pizza. With that said, lower share prices can equate to more pin action because of options contracts, and I think the company looks attractive here and lower as a long-term investment.
In this video, I break down the key fundamental highlights that will power Alphabet over the next decade. I’ll also chart out Alphabet and provide an opinion on where I think the stock price is headed from here.
*Stock prices used in the below video were during the trading day of July 12, 2022. The video was published on July 12, 2022.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool’s board of directors. John Mackey, CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool’s board of directors. Eric Cuka has positions in Alphabet (A shares) and Amazon. The Motley Fool has positions in and recommends Alphabet (A shares), Alphabet (C shares), and Amazon. The Motley Fool has a disclosure policy. Eric is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through his link, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.
Read More: Is Alphabet Stock a Buy Now Before the 20-for-1 Stock Split? | The Motley Fool