Alphabet Inc. Depositary Shares representing a 1/20th Interest in a Share of Series B Mandatory Convertible Preferred Stock

About Alphabet Inc. Depositary Shares representing a 1/20th Interest in a Share of Series B Mandatory Convertible Preferred Stock

Alphabet is a holding company that wholly owns Google, whose search business monetizes user activity through advertising. Advertisers pay to reach consumers, while Google’s search and AI-related products are central to the current debate about whether AI will alter advertising economics. The supplied evidence does not give segment revenue shares or customer counts, so contributions from individual businesses cannot be quantified here. Alphabet reports FY2025 revenue of $402.8 billion and net income of $132.2 billion, compared with $350.0 billion and $100.1 billion in FY2024. GOOGN is a 6.25% Series B mandatory convertible preferred security, not Alphabet common stock.

Notable Price Movement

1. Oct 26-30$41.3910.37%

   GOOGN fell 8.52%, from $46.49 on Oct. 22 to $42.53 on Oct. 29. The dominant catalyst was Alphabet’s Q3 earnings miss, which revived concerns that AI-powered search could weaken advertising sales and that heavy AI investment would pressure cash generation; coverage highlighted negative free cash flow. The preferred shares rose from $45.80 on Monday to $46.62 on Wednesday, recovering modestly before reversing sharply on Thursday. They lost $4.09 that day on volume of 13.77 million shares, versus 2.30 million on Wednesday, and ended at the period low. The supplied reports attribute the selloff to Alphabet-specific earnings and AI concerns rather than a separate catalyst for GOOGN.

   28 sources
2. Oct 19-23$46.184.27%

   GOOGN fell 2.14%, from $49.53 on October 12 to $48.47 on October 19, over the displayed interval. It declined through October 14 to $48.82, rebounded to $49.18 on October 15, then fell to the interval low of $48.24 on October 16 before a modest Monday recovery. The supplied evidence contains no dated catalyst specifically linked to GOOGN. Headlines about OpenAI offering models through Google Cloud and Alphabet’s AI or quantum developments do not establish their timing or impact on this preferred security. The record also provides no broad-market or preferred-stock-sector performance with which to explain the move; it therefore points to trading without a confirmed company-specific driver rather than a measurable market-led cause.

   23 sources
3. Oct 12-16$48.242.37%

   GOOGN rose 1.39%, from $48.85 on October 5 to $49.53 on October 12. It advanced over the first three sessions, reaching $49.36 on October 7, then gave back some ground to $49.06 on October 8 before recovering to $49.41 on October 9 and adding to that gain on October 12. The move was a steady net advance with a brief midweek reversal, rather than a sharp single-day repricing. The supplied evidence identifies no company-specific news during the period that explains the trading, and provides no broader market data to attribute the move to market conditions. The June preferred-share issuance materials predate the week and do not establish a fresh catalyst.

   9 sources
4. Oct 5-9$49.411.69%

   GOOGN rose 1.45% over the supplied period, from $48.37 to $49.07. It edged up to $48.49 on September 30, fell to $48.09 on October 1, then recovered to $48.59 on October 2 and advanced to $48.85 and $49.07 on October 5 and 6. The supplied evidence does not identify a company-specific catalyst for the preferred shares’ move. Headlines about a Google nuclear-power deal focus on Constellation Energy, while the Gemini 4 article concerns Google’s common stock and provides no direct explanation for GOOGN’s trading. Trading volume was uneven, with larger reported volumes on September 30 and October 2. No broader market performance or market-wide driver is provided for comparison.

   11 sources
5. Sep 28 - Oct 2$48.590.16%

   GOOGN fell 0.60%, from $48.38 to $48.09, over the reported week. It closed at $48.56 on September 28, slipped to $48.37 the next day, briefly recovered to $48.49 on September 30, then dropped to $48.09 on October 1. September 30 was the standout session by volume, at 4.03 million shares, but the supplied evidence does not identify a cause for that activity. News coverage during the period highlighted Gemini 4 Argon and described Alphabet’s common stock rising, while also noting earlier model delays; it does not establish a direct effect on this preferred security. No market-index context or preferred-specific catalyst is supplied to explain the weekly decline.

   13 sources
6. Sep 21-25$48.670.47%

   GOOGN fell 0.89%, from $48.43 on September 16 to $48.00 on September 23. It rose to $49.68 on Monday, September 21, then reversed: the price slipped to $49.23 Tuesday and dropped to $48.00 Wednesday, giving back the early-week advance. Volume also picked up on Tuesday and Wednesday relative to September 17–18. No supplied item ties a company announcement to those trading dates or explains the reversal. The evidence instead points to broader Google themes—AI-chip competition and a reported Search recovery—but provides no dates linking those stories to the move. No market benchmark is supplied to establish a wider market driver.

   12 sources
7. Sep 14-18$48.901.85%

   GOOGN rose 2.25%, from $47.94 to $49.02 over the reported week. The supplied trading record shows the move concentrated in the final session, when the depositary shares gained to $49.02 on volume of 8.61 million, versus 0.64 million to 2.27 million in the prior listed sessions. No company-specific announcement or analyst action is identified for the week. The available market context instead points to changing sentiment around artificial-intelligence concerns: Barron’s described Google and Meta as winners of the latest AI concerns, while CryptoRank framed Google’s rise as following a volatile week. There is no material within-week reversal in the stated period because only September 14 is listed.

   10 sources
8. Sep 7-11$48.010.15%

   GOOGN fell $0.18, or 0.37%, from $48.00 to $47.82 over the reported period. The stock initially declined to $47.47 on September 1, then recovered for two sessions and reached $48.32 on September 3 before giving back most of that rebound on September 4 and September 8. The largest volume came on September 8, at 2.27 million shares, but the supplied evidence does not establish a specific cause for that activity. Company-related headlines were mixed: reports highlighted Pixel Tablet discontinuation, while separate coverage focused on Google’s AI-chip ambitions and a nuclear-power agreement involving Fortum. Those developments did not produce a sustained directional move, leaving GOOGN modestly lower overall.

   11 sources
9. Aug 31 - Sep 4$47.941.60%

   GOOGN rose $0.07, or 0.15%, from $48.25 to $48.32 over the reported week. The move was volatile rather than steadily positive: the depositary share closed at $48.00 on Monday and fell to $47.47 on Tuesday before recovering to $47.75 Wednesday and $48.32 Thursday. The rebound gave back the early-week decline but did not establish a clear trend. The supplied evidence contains no dated, company-specific catalyst explaining the week. Broader Google-related coverage focused on AI competition with Meta and a geothermal agreement involving Google, while another article linked Google to pressure on Palantir; none provides a confirmed GOOGN trading driver. Volumes ranged from 313,927 to 446,010 during the reported week.

   11 sources
10. Aug 24-28$48.720.04%

    GOOGN fell $0.06, or 0.12%, over the week, from $48.31 to $48.25. The security initially rose to $48.88 on August 24, a $0.57 increase from the prior listed close, before reversing. It eased to $48.79 on August 25 despite exceptionally heavy volume of 6.71 million shares, then declined to $48.37 on August 26 and $48.25 on August 27, giving back the entire Monday gain and finishing slightly below the starting level. The supplied evidence does not identify a company-specific announcement, earnings release, guidance change, or rating action driving the moves. Accordingly, the weekly decline is best described as trading without an evidenced company-specific catalyst.

    12 sources
11. Aug 17-21$48.700.55%

    GOOGN fell $0.82, or 1.67%, over the measured week, declining from $49.13 to $48.31. The preferred depositary shares drifted lower on Monday and Tuesday, closing at $48.71 and $48.64, then stabilized with a low-volume $0.04 gain on Wednesday before giving back that move on Thursday in heavier trading. The supplied evidence contains no direct GOOGN-specific earnings, guidance, or rating news to explain the decline. Coverage instead focused on Alphabet’s agreement with Marvell involving custom AI chips and an option to buy up to $12.2 billion of Marvell shares, a development more directly relevant to Alphabet’s operating strategy than to the preferred security. No broader market driver is identified.

    17 sources
12. Aug 10-14$48.972.22%

    GOOGN fell $1.53, or 2.95%, from $51.88 to $50.35 over the supplied week. The depositary shares initially gained $0.35 to $52.23 on August 4, then reversed sharply, dropping $1.42 on August 5 and extending losses through August 7 to $50.08. A modest $0.27 rebound on August 10 recovered only part of the decline. The supplied evidence does not identify company-specific news during these trading sessions: the Barchart and Investor’s Business Daily items concern Alphabet’s common stock, while the $164.7 million Bank of Montreal position has no stated date or trading impact. No market benchmark or broader macro catalyst is provided, so the move is unexplained beyond the observed reversal and subsequent stabilization.

    12 sources
13. Aug 3-7$50.080.24%

    GOOGN rose $3.94, or 8.16%, across the supplied window, from $48.29 on July 28 to $52.23 on August 4. The advance was concentrated in the final three sessions: the shares climbed 3.5% on July 31, another 3.3% on August 3, and 0.7% on August 4, after little movement earlier in the period. The supplied evidence does not identify a definitive company-specific catalyst or broader market driver. Potentially relevant items were Quiver Quantitative’s report of a new $232.2 million Calamos Advisors position and a separate “Why Alphabet (GOOGN) Stock Is Up Today” article, but their snippets do not establish causation. An Ars Technica item raised questions about Google AI Overviews’ value.

    11 sources

Stories & Analysis

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