A Point Investors Can’t Afford To Forget: Microsoft Corporation (MSFT), Cronos Group Inc. (CRON) - The RNS Daily

MSFT trading volume has lost -7708259 shares compared to readings over the past three months as it recently exchanged 18351741 shares. This means there is reduced activity from short-term traders as per session, its average trading volume is 26060000 shares, and this is 0.7 times the normal volume. A look at its technical analysis shows that its 14-day Relative Strength Index (RSI) is in a overbought zone after reaching 71.62 point.

Microsoft Corporation (NASDAQ:MSFT) climbed by 15.55% over the past three months which led to its overall six-month increase to stand at 13.17%. The equity price rose 1.31% this week, a trend that has led to both investors and traders taking note of the stock. A look at its monthly performance shows that its shares have recorded a 3.5% gain over the past 30 days. Over the past 12 months the stock has embarked on a rally that has seen it rise 26.75% and is now up by 19.89% since start of this year.

The shares of Microsoft Corporation advanced by 0.1% or -$-0.12 from its last recorded high of $121.65 which it attained on April 17 to close at $121.77 per share. Over the past 52 weeks, the shares of Microsoft Corporation has been trading as low as $90.28 before witnessing a massive surge by 34.88% or $31.49. This price movement has led to the MSFT stock receiving more attention and has become one to watch out for. It jumped by 0.83% on Wednesday and this got the market excited. The stock’s beta now stands at 1.21 and when compared to its 200-day moving average and its 50-day moving average, MSFT price stands 11.86% above and 6.82% above respectively. Its average daily volatility for this week is 0.9% which is less than the 1.29% recorded over the past month.

Experts from research firms are bullish about the near-term performance of Microsoft Corporation (MSFT) with most of them predicting a $127.59 price target on a short-term (12 months) basis. The average price target by the analysts will see a 4.78% rise in the stock and would lead to MSFT’s market cap to surge to $974.79B. The stock has been rated an average 1.7, which roughly stands towards the bullish end of the spectrum. Reuters looked into the 35 analysts that track Microsoft Corporation (NASDAQ:MSFT) and find out that 2 of them rated it as a Hold. 32 of the 33 analysts rated it as a Buy or a Strong Buy while 1 advised investors to desist from buying the stock or sell it if they already possess it.

The price of Cronos Group Inc. (NASDAQ:CRON) currently stands at $15.92 after it went up by $0.13 or 0.82% and has found a strong support at $15.6 a share. If the CRON price drops below that critical support, then it would lead to a bearish trend. In the short-term, a dip below the $15.27 mark would also be bad for the stock as it means that the stock would plunge by 4.08% from its current position. However, if the stock price is able to trade above the resistance point around $16.18, then it could likely surge higher to try and break the upward resistance which stands at $16.43 a share. Its average daily volatility over the past one month stands at 5.89%. The stock has plunged by 2.45% from its 52-weeks high of $15.53 which it reached on Apr. 02, 2019. In general, it is 65.45% above its 52-weeks lowest point which stands at $5.5 and this setback was observed on Sep. 05, 2018.

Analysts have predicted a price target for Cronos Group Inc. (CRON) for 1 year and it stands at an average $22.25/share. This means that it would likely increase by 39.76% from its current position. The current price of the stock has been moving between $15.53 and $16.11. Some brokerage firms have a lower target for the stock than the average, with one of them setting a price target as low as $17. On the other hand, one analyst is super bullish about the price, setting a target as high as $30.

Analysts view Cronos Group Inc. (NASDAQ:CRON) as a Buy, with 0 consensus rating. Reuters surveyed 10 analysts that follow CRON and found that 5 of those analysts rated the stock as a Hold. The remaining 5 were divided, with 1 analyst rating it as a Buy or a Strong Buy while 4 analysts advised investors to desist from buying Cronos Group Inc. (CRON) shares or sell it if they already own it.

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