Profit-Taking In Alphabet Inc

Alphabet Inc GOOGL GOOG shares are trading lower by $17 at $747.65 in Wednesday's session. After its better-than-expected Q4 report after the close on Monday, the issue leaped to a new all-time intra-day high ($789.87), but was unable to post a new all-time closing high ($776.60), closing at $764.65.

In today's session, it rallied off the open to $774.50 but then reversed course with the broad market. The ensuing decline did not find support until $736.51. Since making the low, it has rebounded into the mid-$740 handle.