Characterize the news's sentiment using the following options.
Options: negative, positive

Alphabet, Inc (NASDAQ: GOOG) (NASDAQ: GOOGL) soared 10% higher in the premarket on Wednesday to reach a new all-time high of $3,059.98 but when the market opened the stock ran into a group of sellers and profit takers, who knocked it down about 3.5% off the open. The selling dropped Alphabet down below its previous Nov. 19 all-time high of $3,037, which will now act as a resistance zone.
negative