Microsoft Corporation (MSFT) : Traders are bullish on Microsoft Corporation (MSFT) as it has outperformed the S&P 500 by a wide margin of 2.64% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.16%, 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 2.68% in the last 1 week, and is up 7.12% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock. The stock has recorded a 20-day Moving Average of 4.83% and the 50-Day Moving Average is 4.99%.
Microsoft Corporation (NASDAQ:MSFT): The stock opened at $53.95 on Friday but the bulls could not build on the opening and the stock topped out at $54.00 for the day. The stock traded down to $53.21 during the day, due to lack of any buying support eventually closed down at $53.70 with a loss of -0.07% for the day. The stock had closed at $53.74 on the previous day. The total traded volume was 32,024,385 shares.
The company Insiders own 3.76% of Microsoft Corporation shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -3.87% . Institutional Investors own 73.36% of Microsoft Corporation shares. During last six month period, the net percent change held by insiders has seen a change of -7.45%. 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.