Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Microsoft Stock Slumped 5% Today

TheMotleyFool

0 0

It's the second trading day of the new year, and with the Nasdaq Composite index rising more than 1% in early afternoon trading, it looks like things are off to a good start for tech stocks.

For most tech stocks, that is. Microsoft (NASDAQ: MSFT) however, is missing out on the rally. The stock had slumped by 4.8% as of 2:20 p.m. ET, and investors can blame UBS in part for that.

Bright and early Wednesday morning, UBS analyst Karl Keirstead downgraded Microsoft stock from buy to neutral -- and cut the bank's price target on the tech company by 17% for good measure, says StreetInsider.com.

Source Fool.com

Like: 0

MSFT

Share