Microsoft Corporation (MSFT) : Traders are bullish on Microsoft Corporation (MSFT) as it has outperformed the S&P 500 by a wide margin of 2.6% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.38%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 0.71% in the last 1 week, and is up 2.38% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 1.06% and the fifty day Moving Average is 6.75%. Microsoft Corporation is up 11.6% in the last three month period. Year-to-Date the stock performance stands at 6.75%.
Microsoft Corporation (MSFT) has been rated by 21 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $65 and the lowest price target forecast is $36. The average forecast of all the analysts is $58.91 and the expected standard deviation is $7.86.
Microsoft Corporation (NASDAQ:MSFT): On Fridays trading session , Opening price of the stock was $58.28 with an intraday high of $58.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $57.69. However, the stock managed to close at $58.03, a loss of 0.24% for the day. On the previous day, the stock had closed at $58.17. The total traded volume of the day was 20,971,202 shares.
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.