Movement Alert｜Direxion Daily GOOGL Bull 2X Shares Falls 22.82% in Regular Trading, Alphabet earnings miss amplifies losses in leveraged bullish product

Market Focus10-29 21:30

On October 29, Direxion Daily GOOGL Bull 2X Shares fell 22.82% in Regular Trading, trading at $66.2534 with turnover of $114 million.

The move followed Alphabet’s third-quarter results that missed market expectations, triggering a drop of more than 10% in Alphabet shares and putting outsized pressure on leveraged long products tied to the stock.

Alphabet reported revenue of $127.58 billion, up 25% year over year, but below the $128.22 billion expected by the market. Earnings per share came in at $2.12, well below expectations of roughly $2.99 to $3.02, while free cash flow fell to negative $9.07 billion, much weaker than the expected negative $3.5 billion. Although cloud revenue rose 103% year over year, weaker-than-expected search and advertising performance, alongside concerns over AI spending returns and cash flow quality, intensified the selloff in Direxion Daily GOOGL Bull 2X Shares.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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