As most know, Alphabet has 2 tickers ie. GOOGL (A class with voting rights) and GOOG (C class without voting rights).
Now how comes that just like last year GOOGL is again already trading at a 2% (!) premium compared to GOOG?
When both classes were created back in the days, it was always said that GOOGL (!) would trade at a premium compared to GOOG because of GOOGL having those voting rights, so how come in the last couple years the opposite is happening and the spread between both is not even small? Isn't there supposed to be arbitrage to keep them fairly equal?
The strange thing is that last year on the final trading day GOOGL closed the gap with GOOG but since than GOOGL has again fallen behind GOOG with a 2% spread right now which isn't neglectable.
So for those who want to make an easy profit, just buy GOOGL and wait until it is brought back to the same value as GOOG.. I just don't get that the spread between both is kept so big right now.
Submitted May 20, 2021 at 04:24PM by ThinkBigger01 https://ift.tt/3fuz2gK
