Alphabet Jumps to Record High on Positive Pixel Phone Reviews
- New smartphone receives mostly praise from product reviewers
- Share price highest since Google’s initial public offering
Pixel's Positive Reviews Push Alphabet to Record High
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Alphabet Inc. shares hit a record high on Tuesday after mostly positive reviews for its new Pixel phones, the first line of phones designed in-house by its Google unit.
The Mountain View, California-based company’s stock gained 2.5 percent to $826.85 at 2:43 p.m. in New York, after earlier reaching $828, the highest price since Aug. 19, 2004, when Google’s shares were first traded in the public markets.