Alphabet shares hit $1,000 this morning

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.

Explanatory journalism is a public good

At Vox, we believe that everyone deserves access to information that helps them understand and shape the world they live in. That's why we keep our work free. Support our mission and help keep Vox free for all by making a financial contribution to Vox today.

One-Time Monthly Annual

$95/year

$120/year

$250/year

$350/year

Other

$

Yes, I'll give $120/year

Yes, I'll give $120/year

We accept credit card, Apple Pay, and Google Pay. You can also contribute via