Microsoft Corp. stock underperforms Tuesday when compared to competitors

By adminAugust 9, 2023 7:28 am EDT0 ViewsNo Comments

Shares of Microsoft Corp.
MSFT,
-1.23%
slipped 1.23% to $326.05 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index
SPX,
-0.42%
falling 0.42% to 4,499.38 and Dow Jones Industrial Average
DJIA,
-0.45%
falling 0.45% to 35,314.49.

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

Microsoft Corp. closed $40.73 short of its 52-week high ($366.78), which the company reached on July 18th.

The stock underperformed when compared to some of its competitors Tuesday, as Apple Inc.
AAPL,
+0.53%
rose 0.53% to $179.80, Alphabet Inc. Cl C
GOOG,
-0.08%
fell 0.08% to $131.84, and Alphabet Inc. Cl A
GOOGL,
-0.10%
fell 0.10% to $131.40.

Trading volume (22.2 M) remained 7.3 million below its 50-day average volume of 29.5 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.

Read the full article here