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
The stock is one of the favorites of our community with 115 Buy predictions and 2 Sell predictions.
With a target price of 426 € there is a slightly positive potential of 9.79% for Microsoft Corp. compared to the current price of 388.0 €.