On Monday, Microsoft Corp. stock saw a notable rise, outperforming the market and signaling strong investor confidence in the tech giant’s future prospects.
Shares of Microsoft Corp. MSFT rallied 2.05% to $377.44 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX rising 0.74% to 4,547.38 and the Dow Jones Industrial Average DJIA rising 0.58% to 35,151.04. Microsoft Corp. hit a new 52-week high, surpassing its previous peak of $376.35, which the company achieved on November 16th. The stock outperformed some of its competitors Monday, as Apple Inc. AAPL rose 0.93% to $191.45, Alphabet Inc. Cl C GOOG rose 0.72% to $137.92, and Alphabet Inc. Cl A GOOGL rose 0.69% to $136.25. Trading volume (50.9 M) eclipsed its 50-day average volume of 24.3 M.