Microsoft Corporation (MSFT) Rises 2.64% for December 10
Equities Staff Follow |Among the biggest risers on the S&P 500 on Monday December 10 was Microsoft Corporation ($MSFT), popping some 2.64% to a price of $107.59 a share with some 39.27 million shares trading hands.
Starting the day trading at $104.80, Microsoft Corporation reached an intraday high of $107.98 and hit intraday lows of $103.89. Shares gained $2.77 apiece by day’s end. Over the last 90 days, the stock’s average daily volume has been n/a of its 7.68 billion share total float. Today’s action puts the stock’s 50-day SMA at $n/a and 200-day SMA at $n/a with a 52-week range of $83.83 to $116.18.
Microsoft develops and licenses consumer and enterprise software. It is known for its Windows operating systems and Office productivity suite. The company is organized into three overarching segments: productivity and business processes (legacy Microsoft Office, cloud-based Office 365, Exchange, SharePoint, Skype, LinkedIn, Dynamics), intelligence cloud (infrastructure- and platform-as-a-service offerings Azure, Windows Server OS, SQL Server), and more personal computing (Windows Client, Xbox, Bing search, display advertising, and Surface laptops, tablets, and desktops). Through acquisitions, Microsoft owns Xamarin, LinkedIn, and GitHub. It reports revenue in product and service and other revenue on its income statement.
Microsoft Corporation has its corporate headquarters located in Redmond, WA and employs 131,000 people. Its market cap has now risen to $825.88 billion after today’s trading, its P/E ratio is now 43.5, its P/S 7, P/B 9.61, and P/FCF n/a.
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The Dow Jones Industrial Average (DJIA) is the most visible stock index in the United States, but that doesn’t make it the best. In fact, the industry standard for market watchers and institutional investors in gauging portfolio performance is the S&P 500.
The DJIA relies on just 30 stocks as a sample of large- and mega-cap firms, dwarfed by the 500 contained in the S&P 500, and it also weights its returns using an outdated and flawed price-weighting method. The S&P 500’s weighting is based on market cap, making it a much better representation of actual market performance for large- and mega-cap stocks.
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All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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