Microsoft Corp. (MSFT) experienced a decline in its stock price on Monday, with shares dropping 1.60% to $331.83. Despite this setback, the overall stock market had a positive trading session, as indicated by the S&P 500 Index (SPX) rising 0.24% to 4,409.53, and the Dow Jones Industrial Average (DJIA) increasing by 0.62% to 33,944.40.
Continuation of Consecutive Losses
This decline marks the second consecutive day of losses for Microsoft Corp., a notable tech giant in the industry. The stock closed at $19.64 below its 52-week high of $351.47, which it achieved on June 16th.
Mixed Performance Compared to Competitors
In comparison to some of its competitors, Microsoft Corp. demonstrated mixed performance on Monday. Apple Inc. (AAPL) saw a 1.09% decrease to $188.61, while Alphabet Inc. Cl C (GOOG) experienced a 2.72% drop to $116.87, and Alphabet Inc. Cl A (GOOGL) declined by 2.54% to $116.45.
Above Average Trading Volume
Microsoft Corp.’s trading volume was higher than its 50-day average, with a recorded volume of 32.8 million shares compared to the average volume of 27.5 million shares.