Despite a rise in Microsoft Corp. stock on Tuesday, the company continues to underperform in comparison to the overall market, raising questions about its future growth prospects and competitive positioning in the tech industry.
Shares of Microsoft Corp. (MSFT) inched 0.37% higher to $330.53 on Tuesday, marking the stock’s second consecutive day of gains. It was an overall positive trading session for the stock market, with the S&P 500 Index (SPX) rising 0.73% to 4,247.68 and the Dow Jones Industrial Average (DJIA) rising 0.62% to 33,141.38.
Despite the gains, Microsoft closed $36.25 short of its 52-week high of $366.78, which it achieved on July 18th. When compared to some of its competitors, Microsoft demonstrated a mixed performance. Apple Inc. (AAPL) rose 0.25% to $173.44, Alphabet Inc. Cl C (GOOG) rose 1.61% to $140.12, and Alphabet Inc. Cl A (GOOGL) rose 1.69% to $138.81.
The trading volume for Microsoft reached 26.7 million, surpassing its 50-day average volume of 20.9 million. Please note that this story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet.