What’s hot? Alphabet stock.
Alphabet shares crossed the $1,000 line for the first time this morning, when at 9:40 am ET they hit $1,001.25. They climbed to $1,007.15 over the next 15 minutes, before descending to $1,002.54 as of 11:45 am ET.
Amazon crossed the same threshold last month, and Alphabet subsidiary Google passed it in 2013, before it was reorganized as holding company Alphabet.
Few stocks ever cross the $1,000 milestone, and any kind of high peak that catches the notice of investors can also read as a red flag.
This article originally appeared on Recode.net.