Why Alphabet Stock Was a Dog on Monday

Why Alphabet Stock Was a Dog on Monday

Imitation might be the sincerest form of flattery, but sometimes it isn't very good for a company's stock price. On Monday, some investors must have believed that Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) was playing this game, and they punished the company's shares for it. Both of Alphabet's listed stocks fell on the day by nearly 2%, a steeper tumble than the 0.6% dip in the S&P 500 index.