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Microsoft Corporation (MSFT) Moves Lower on Volume Spike for October 30

Microsoft Corporation (MSFT) Moves Lower on Volume Spike for October 30

Equities Staff  |

Microsoft Corporation (MSFT) traded on unusually high volume on Oct. 30, as the stock lost 0.12% to close at $103.73. On the day, Microsoft Corporation saw 64.95 million shares trade hands on 467,744 trades. Considering that the stock averages only a daily volume of 35.3 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $116.18 and $80.70 over the last 52-weeks, its 50-day SMA is now $110.52, and its 200-day SMA $100.08. Microsoft Corporation has a P/B ratio of 9.26. It also has a P/E ratio of 43.1.

Microsoft Corp is a technology company. It develop, license, and support a wide range of software products and services. Its business is organized into three segments: Productivity and Business Processes, Intelligent Cloud, and More Personal Computing.

Headquartered in Redmond, WA, Microsoft Corporation has 131,000 employees and is currently under the leadership of CEO Satya Nadella.

For a complete fundamental analysis analysis of Microsoft Corporation, check out Equities.com’s Stock Valuation Analysis report for MSFT.

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To get more information on Microsoft Corporation and to follow the company’s latest updates, you can visit the company’s profile page here: MSFT’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.



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