NEW YORK, December 31, 2025, 12:13 ET — Regular session
Alphabet’s Class C shares (GOOG) edged down 0.04% to $314.43 in midday trading on Wednesday, after an insider-trading filing showed the company’s chief legal officer sold shares. The stock has traded between $312.34 and $315.37 so far in the session.
The move comes in thin year-end trading, when lower volumes can exaggerate short-term swings. Alphabet’s stock has been a heavyweight driver of U.S. equity gains in 2025, leaving investors alert to any sign of profit-taking as the calendar turns.
Wall Street’s major indexes were slightly lower on the final trading day of the year, with tech shares extending a recent pullback and markets set to close on Thursday for New Year’s Day. “Describing 2025 as ‘resilient’ might be an understatement,” said Adam Turnquist, chief technical strategist at LPL Financial. 1
A Form 4 disclosure with the U.S. Securities and Exchange Commission — a filing insiders use to report stock transactions — showed John Kent Walker, Alphabet’s president of global affairs and chief legal officer, sold 17,829 Class C shares on Dec. 30 at weighted-average prices around $315, worth roughly $5.6 million. The filing said the sale was executed through a trust under a Rule 10b5-1 plan, a preset trading program that can allow insiders to buy or sell shares on a schedule. 2
Alphabet’s Class A shares (GOOGL) were down 0.1%, mirroring the small dip in the tech-heavy Invesco QQQ Trust. Microsoft and Meta also edged lower, while Nvidia rose.
Alphabet’s Class C shares do not carry voting rights. The company also has voting Class A shares (GOOGL), which typically trade in line with Class C.
Investors remain focused on how aggressively Alphabet is spending to expand data center capacity for artificial intelligence workloads. Earlier this month, the company announced a definitive agreement to acquire Intersect, a provider of data center and energy infrastructure solutions, for $4.75 billion in cash plus the assumption of debt, with the deal expected to close in the first half of 2026. 3
Google Cloud has also been leaning into enterprise security. In December, Google Cloud expanded a partnership with Palo Alto Networks with a commitment approaching $10 billion over several years, Reuters reported. 4
Regulatory risk remains another watchpoint for Alphabet shareholders. A U.S. judge earlier this year ruled against breaking up the Google parent but barred certain exclusive contracts with device makers and browser developers. 5
The next major company catalyst is quarterly results. Alphabet is estimated to report earnings on Feb. 3, according to Nasdaq’s earnings calendar, which notes the date is derived from an algorithm based on historical reporting patterns. 6
For many investors, routine insider transactions matter less than the next set of numbers on advertising demand and Google Cloud profitability — and whether Alphabet’s spending pace stays aligned with revenue growth as AI competition intensifies.
U.S. stock markets are closed on Jan. 1 for New Year’s Day and reopen on Friday, Jan. 2. Traders will be watching whether year-end repositioning in megacap tech persists once normal liquidity returns. 7
