Why Microsoft Stock Dived by Almost 4% Today
Inaction rather than action was a key cause of tech incumbent 's (NASDAQ: MSFT) stock dip on Wednesday. A media report stating that the company is apparently unwilling to modify its relationship with a troubled business partner dampened investor sentiment. Ultimately, the shares closed the day nearly 4% lower, a worse performance than the 2.3% dip of the S 500 index.
In a brief article published that morning and citing an unidentified "person familiar with the issue," Reuters said that there is no indication the company plans to limit CrowdStrike's (NASDAQ: CRWD) access to Microsoft's Windows operating system.
The news agency did not elaborate, and Microsoft has not yet commented on the story.
Source Fool.com
Microsoft Corp. Stock
€377.20
1.260%
The stock is one of the favorites of our community with 111 Buy predictions and 3 Sell predictions.
With a target price of 425 € there is a slightly positive potential of 12.67% for Microsoft Corp. compared to the current price of 377.2 €.
