Stock Market Movers: Alphabet, American Airlines, Apple, eBay, Qualcomm

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The Class A (GOOGL) and Class C (GOOG) shares of Alphabet surged as much as 9.6% during the intra-day trading on Wednesday. The company’s stocks ended the trading session with more than 7% on Wednesday. GOOGL shares were up 7.28% to $2,058.88 eacg while GOOG shares climbed 7.4% to $2,070.07 each.

Alphabet shares were trading in the record territory as investors were pleased with the company quarterly financial results. On Tuesday, Google’s parent holding company posted $22.30 earning per share, higher than the consensus estimate of $15.90 per share. Its revenue was $56.9 billion, higher than te $53,13 billion expected by Wall Street analysts.

Apple (AAPL) shares gained almost 2% to $136.56 per share during the extended trading. Investors reacted positively to the report that the Cupoertino-based tech giant is close to sealing an agreement with Hyundai-Kia to manufature an Apple-branded autonomous electric vehicle.

The stock price of American Airlines (AAL) surged 6% to $17.60 per share despite its announcement that it will send furlough notices this week to its approximately 13,000 employees. It appears that the company is the next target of Reddit traders from the WallStreetBets (WSB) forum.