Microsoft Corp. stock falls Wednesday, underperforms market

By adminJuly 27, 2023 10:31 am EDT0 ViewsNo Comments

Shares of Microsoft Corp.
MSFT,
-0.98%
slid 3.76% to $337.77 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
DJIA,
+0.18%
rising 0.23% to 35,520.12 and the S&P 500 Index
SPX,
+0.50%
falling 0.02% to 4,566.75.

The stock’s fall snapped a two-day winning streak.

Microsoft Corp. closed $29.01 short of its 52-week high ($366.78), which the company achieved on July 18th.

The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc.
AAPL,
+0.79%
rose 0.45% to $194.50, Alphabet Inc. Cl C
GOOG,
+1.80%
rose 5.59% to $129.66, and Alphabet Inc. Cl A
GOOGL,
+1.85%
rose 5.78% to $129.27.

Trading volume (58.3 M) eclipsed its 50-day average volume of 28.8 M.

Editor’s Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.

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