Microsoft Corporation (MSFT) has risen sharply, recording gains of 1.86% in the past 4 weeks. However, the stock has corrected -0.55% in the past 1 week, providing a good buying opportunity on dips. On a relative basis, the stock has outperformed the S&P 500 by 1.47% in the past 4 weeks, but has underperformed the S&P 500 in the past 1 week.
Microsoft Corporation is up 14.54% in the last 3-month period. Year-to-Date the stock performance stands at 5.99%. The stock has recorded a 20-day Moving Average of 1.1% and the 50-Day Moving Average is 7.5%.
Microsoft Corporation (NASDAQ:MSFT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.43 and $57.20 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $57.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.62, notching a gain of 0.03% for the day. The total traded volume was 17,271,044 . The stock had closed at $57.60 on the previous day.
Also, Equity Analysts at the Brokerage Firm, Wunderlich, maintains their rating on the shares of Microsoft Corporation (NASDAQ:MSFT). Wunderlich has a Hold rating on the shares. As per the latest research report, the brokerage house raises the price target to $60 per share from a prior target of $55. The rating by the firm was issued on July 20, 2016.
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.