4 Google trades on Alphabet announcement
While it may not change the company's fundamentals, Google 's operating structure changes will help investors better understand its businesses, CNBC "Fast Money" traders said Monday.

The Internet and technology giant announced Monday it would create a new company, Alphabet, which will count Google as a subsidiary. Core Internet businesses will operate under Google, which will be led by Sundar Pichai.

Read MoreGoogle to become part of new company, Alphabet



Alphabet will become the company's publicly traded entity starting in the fourth quarter and will break out Google unit earnings in quarterly results. All shares will convert into Alphabet stock, with the two classes continuing to trade under the tickers GOOGL and GOOG.



"I think we'll get a clearer picture and a better multiple because of that," said trader Karen Finerman, who owns Google stock.