Google shares reach $800 in new all-time high

Company News | Business | Markets 10/18/2016, 6:28 PM
Google shares reach $800 in new all-time high

Alphabet Inc. Class C shares reached an all-time high on Tuesday, to change hands for $800, increasing 2.55% at 6:10 p.m. CET.

Shares of the Google Inc. holding company traded in the green for three consecutive sessions after reports that it added price tracking to its flight booking service Google Flights on Monday. The company announced today that its subsidiary, Sidewalk Labs, aims to transform 16 U.S. cities into tech-friendly laboratories.

The company recently announced its new phone, the Google Pixel, which is the first such gadget to be fully manufactured by Google. The premium device which is launching soon is set to take over a part of the market from its competitor, Samsung Electronics, which recently revoked its flagship phablet, the Galaxy Note 7.

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Alphabet C-0.42%

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