Microsoft Corporation (MSFT) : Traders are bullish on Microsoft Corporation (MSFT) as it has outperformed the S&P 500 by a wide margin of 1.41% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.31%, relative to the S&P 500. The stock has risen by 1.85% in the past week indicating that the buyers are active at lower levels, but the stock is down -0.64% in the past 4 weeks.
The stock has recorded a 20-day Moving Average of 0.4% and the 50-Day Moving Average is 1.6%.The 200 Day SMA reached 7.99% Microsoft Corporation is up 14.91% in the last 3-month period. Year-to-Date the stock performance stands at 5.31%.
Microsoft Corporation (MSFT) : The most positive equity analysts on Microsoft Corporation (MSFT) expects the shares to touch $65, whereas, the least positive believes that the stock will trade at $36 in the short term. The company is covered by 21 Wall Street Brokerage Firms. The average price target for shares are $59 with an expected fluctuation of $7.91 from the mean.
For the current week, the company shares have a recommendation consensus of Buy. Microsoft Corporation (NASDAQ:MSFT): The stock opened at $57.63 and touched an intraday high of $57.63 on Friday. During the day, the stock corrected to an intraday low of $56.75, however, the bulls stepped in and pushed the price higher to close in the green at $57.25 with a gain of 0.10% for the day. The total traded volume for the day was 44,606,965. The stock had closed at $57.19 in the previous trading session.
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.