Google stock in 2021 finally outperformed other “FANG” stocks. Google-parent Alphabet (GOOGL) bested Facebook-parent Meta Platforms (FB), Amazon.com (AMZN) and Netflix (NFLX).
X
Helping the online search giant was a rebound in digital advertising as the coronavirus emergency fades, boosting global economies as industries normalize. But 2022 has been a volatile year for the original FANG stocks.
Shares in Meta Platforms plunged on its fourth-quarter earnings report Feb. 3. Earlier, Netflix stock took a beating. Amazon stock managed to pop on its fourth-quarter earnings.
Meanwhile, GOOGL stock jumped 65% in 2021. Thus far in 2022, shares have dropped 13%, with shares at 2,519.02 before the market open on March 15.
Breaking below 2,490 would be bearish because GOOGL stock would be falling further beneath the 200-day moving average. A big break below the 200-day would imply…
