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Benzinga
Benzinga
Business
Melanie Schaffer

A Look At Alphabet (Google) Stock As The Tech Sector Tanks

Alphabet, Inc (Google) Class C (NASDAQ:GOOG) was plunging more than 6% lower in sympathy with a number of other social media-based and technology stocks after Snap, Inc (NYSE:SNAP) posted disappointing second-quarter earnings on Thursday after the market close.

The bearish price action was likely accelerated when Mizuho analyst James Lee cut Alphabet's price target by 14%.

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