Google (GOOG) Stock: Hits All-Time High as CEO Sells $10 Million in Shares

TLDR

• Google (GOOG) stock hit all-time high of $329.58 on January 8, 2026
• Stock gained 65.02% over past year and 84.36% over past six months
• CEO Sundar Pichai sold 22,411 shares worth $10.4 million on January 7
• Canaccord Genuity raised price target to $390 citing AI development
• Alphabet announced $4.75 billion Intersect acquisition for data centers

Google stock reached an all-time high of $329.58 on January 8, 2026. The Class C shares have climbed 65.02% over the past year.

Alphabet Inc., GOOGL

The record came one day after CEO Sundar Pichai sold shares. According to SEC filings, he sold 22,411 shares on January 7 for $10.4 million total.

The transactions occurred at prices ranging from $315.39 to $326.05. Pichai still owns 2,244,372 Class C shares and 227,560 Class A shares after the sale.

The stock’s recent performance has been strong. Shares gained 84.36% over the past six months alone.

Market Performance and Valuation

Alphabet’s market cap now stands at $3.89 trillion. The company generated $385.48 billion in revenue.

The stock trades at a P/E ratio of 32.05. InvestingPro gives Alphabet a “GREAT” financial health rating.

Shares hit a 52-week high of $330.32. The stock trades slightly above its Fair Value estimate per InvestingPro’s model.

Canaccord Genuity raised its price target to $390. The firm cited accelerating AI development and maintained a Buy rating.

Jefferies also increased its target to $365. The firm highlighted Alphabet’s AI leadership and user base strength.

Recent Company Developments

Alphabet announced a $4.75 billion acquisition of Intersect. The deal brings data center and energy infrastructure capabilities to boost power generation.

The company rolled out new Gemini AI features for Gmail. These tools summarize email conversations and answer questions in natural language.

Cantor Fitzgerald upgraded the stock from Neutral to Overweight. The analyst cited Google’s position in AI and Gemini app growth.

InvestingPro covers Alphabet with 16 additional tips. The platform provides detailed research on over 1,400 US equities.

The stock currently trades at $325.44. This price sits near the recent all-time high of $329.58 reached on January 8.

The post Google (GOOG) Stock: Hits All-Time High as CEO Sells $10 Million in Shares appeared first on Blockonomi.