Microsoft Corp. Shares Slip 0.14% on Dismal Trading Day
Shares of Microsoft Corp. slipped 0.14% to $414.92 Monday, as the stock market experienced a downtrend. The S&P 500 Index fell 0.12% to 5,130.95, and the Dow Jones Industrial Average fell 0.25% to 38,989.83.
Microsoft closed $5.90 below its 52-week high of $420.82 on February 9th. Despite its decline, the stock fared better than some competitors. Apple Inc. fell 2.54% to $175.10, Alphabet Inc. Cl C fell 2.81% to $134.20, and Alphabet Inc. Cl A fell 2.76% to $133.35.
Trading volume stood at 17.1 million shares, 5.6 million below the 50-day average volume of 22.7 million.
Analyst comment
Neutral news. The slight slip in Microsoft’s stock price is in line with the overall downtrend in the market. Microsoft outperformed some competitors. Market is expected to remain volatile in the short term due to the negative sentiment and lower trading volume.
