Most Active Stocks In The News: Alphabet Inc (NASDAQ:GOOGL)


On Friday, Shares of Alphabet Inc (NASDAQ:GOOGL), inclined 0.33% to $695.32.

A U.S. appeals court ruled on Friday that Googles massive effort to scan millions of books for an online library does not violate copyright law, rejecting claims from a group of authors that the project illegally deprives them of revenue, according to Reuters

The 2nd U.S. Circuit Court of Appeals in New York rejected infringement claims from the Authors Guild and several individual writers, and found that the project provides a public service without violating intellectual property law.

The authors sued Google, whose parent company is now named Alphabet Inc, in 2005, a year after the project was launched. Reuters Update

But Google argued that the effort would actually boost book sales by making it easier for readers to find works, while introducing them to books they might not otherwise have seen.

Google had said it could face billions of dollars in potential damages if the authors prevailed.

Googles division of the page into tiny snippets is designed to show the searcher just enough context surrounding the searched term to assist her evaluate whether the book falls within the scope of her interest (without revealing so much as to threaten the authors copyright interests), Circuit Judge Pierre Leval wrote for the court. Reuters Report

The 2nd Circuit had formerly rejected a similar lawsuit from the Authors Guild in June 2014 against a consortium of universities and research libraries that built a searchable online database of millions of scanned works.

The stock settled at $695.32 per share. The market capitalization for the company is reported at $465.60B.

During the last trading session,  Alphabet Inc (NASDAQ:GOOGL), moved on high volume, trading at a volume of 1.81M as compared to its average daily volume of 2.03M shares. At $695.32, the stock has lost momentum as shares are down from a peak price of $713.33recorded on Jul 22, 2015. The stock is up 25.24% in this year through last closing price. The stock is having its 200-day moving average of $602.27and $656.08as its 50-day moving average. The stock, as of last closing price, has shown weekly upbeat performance of 3.90%, in opposition to 4.13% in 1-month period.

Alphabet Inc (Alphabet) is a collection of Companies. The Company’s collection comprise Calico, Google’s health and longevity effort; Nest its connected home business; Fiber, its gigabit internet arm; and its investment divisions such as Google Ventures and Google Capital, and incubator projects, such as Google X.


This article is published by The content included in this article is just for informational purposes only. takes sensible consideration to ensure that the data given in this article is up to date and accurate. The news, prices, opinions, research, analysis, and other information published in this article are obtained from sources believed to be reliable.

Neither nor any of partners make any representation or guarantee as to the fulfillment or precision of the information contained in this article.

Investors must consult their own additional due diligence with any potential investment or highlighted company before making any decision on behalf of information offered by

Information contained in this article may contains forward-looking information within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, counting statements regarding the predictable continual growth of the market for the corporation’s products, the corporation’s ability to fund its capital requirement in the near term and in the long-term; pricing pressures; etc.

Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, aims, assumptions, or future events or performance may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties, which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements may be identified with such words as expects, will, anticipates, estimates, believes, or by statements indicating certain actions may, could, should/might occur.

About Travis Garlick 1801 Articles
Been writing about and trading stocks since 2013. Manage a group of micro-cap investors on Facebook with over 15,000 members. Turned $8,500 into 185k the first year I started trading stocks and haven't looked back.