Markets

Microsoft Corp. stock underperforms Wednesday when compared to competitors despite daily gains

Published

June 28, 2023

Shares of Microsoft Corp.
MSFT,
+0.38%
inched 0.38% higher to $335.85 Wednesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index
SPX,
-0.04%
falling 0.04% to 4,376.86 and Dow Jones Industrial Average
DJIA,
-0.22%
falling 0.22% to 33,852.66.

This was the stock’s second consecutive day of gains.

Microsoft Corp. closed $15.62 below its 52-week high ($351.47), which the company achieved on June 16th.

The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc.
AAPL,
+0.63%
rose 0.63% to $189.25, Alphabet Inc. Cl C
GOOG,
+1.74%
rose 1.74% to $121.08, and Alphabet Inc. Cl A
GOOGL,
+1.56%
rose 1.56% to $120.18.

Trading volume (19.5 M) remained 8.7 million below its 50-day average volume of 28.2 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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