Microsoft Corporation (MSFT) : Traders are bullish on Microsoft Corporation (MSFT) as it has outperformed the S&P 500 by a wide margin of 8.13% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.82%, 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 2.26% in the last 1 week, and is up 10.82% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
Microsoft Corporation (NASDAQ:MSFT): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $57.65 and $57.45 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $58.21. The buying momentum continued till the end and the stock did not give up its gains. It closed at $57.96, notching a gain of 0.99% for the day. The total traded volume was 29,335,221 . The stock had closed at $57.39 on the previous day.
The stock has recorded a 20-day Moving Average of 4.96% and the 50-Day Moving Average is 9.81%. Microsoft Corporation is up 15.83% in the last 3-month period. Year-to-Date the stock performance stands at 5.96%.
Microsoft Corporation (MSFT) stock is expected to deviate a maximum of $7.94 from the average target price of $58.76 for the short term period. 21 Street Experts have initiated coverage on the stock with the most promising target being $65 and the most muted being $36.
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.