Shares of Microsoft Corporation (MSFT) Sees Large Outflow of Money

Microsoft Corporation (MSFT) : The total money flow in Microsoft Corporation (MSFT) was negative ($15.71 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $690.12 million. In comparison, the inflow of money into the stock on upticks was $674.42 million. The uptick to downtick ratio was 0.98. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $140.41 million. The value of transactions on uptick was $84.72 million. The negative money flow of ($55.69 million) confirms the selling in Microsoft Corporation (MSFT) on strength. The uptick to downtick ratio of block trades was 0.6. Microsoft Corporation (MSFT) gained $3.16 at $56.25, a gain of 5.94% over the previous days close. However, the stock registered 4.74% in the week.


Also, Citigroup maintains their rating on the shares of Microsoft Corporation (NASDAQ:MSFT). The current rating of the shares is Sell. Equity Analysts at the Firm raises the price target to $37 per share from $36 per share. The rating by the firm was issued on July 7, 2016.

Microsoft Corporation (NASDAQ:MSFT): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $56.15 and $55.53 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $56.84. The buying momentum continued till the end and the stock did not give up its gains. It closed at $55.91, notching a gain of 5.31% for the day. The total traded volume was 89,893,301 . The stock had closed at $53.09 on the previous day.

The stock has recorded a 20-day Moving Average of 8.07% and the 50-Day Moving Average is 8.81%. In a related news, The officer (EVP, Chief Marketing Officer), of Microsoft Corp, Capossela Christopher C had unloaded 5,337 shares at $50.89 per share in a transaction on May 20, 2016. The total value of transaction was $271,600. The Insider information was revealed by the Securities and Exchange Commission in a Form 4 filing.

Microsoft Corporation is engaged in developing, licensing and supporting a range of software products and services. The Company also designs and sells hardware, and delivers online advertising to the customers. The Company operates in five segments: Devices and Consumer (D&C) Licensing, D&C Hardware, D&C Other, Commercial Licensing, and Commercial Other. The Companys products include operating systems for computing devices, servers, phones, and other intelligent devices; server applications for distributed computing environments; productivity applications; business solution applications; desktop and server management tools; software development tools; video games; and online advertising. It also offers cloud-based solutions that provide customers with software, services and content over the Internet by way of shared computing resources located in centralized data centers. It provides consulting and product and solution support services.

Leave a Reply

Get Pre-Market Alerts!

Get Pre-Market Analysts' Upgrades, Downgrades, Earnings & Initiations with our FREE daily email newsletter.