By Microsoft Corp. (MSFT) experienced a notable increase in its stock value on Thursday, with shares rising by 1.62% to reach $342.66. The overall stock market also had a positive trading session, as the S&P 500 Index (SPX) rose by 0.85% to 4,510.04 and the Dow Jones Industrial Average (DJIA) increased by 0.14% to reach 34,395.14.
Third Consecutive Day of Gains
This marks the third consecutive day of gains for Microsoft Corp., indicating a positive trend for the company. However, the stock closed at $8.81 below its 52-week high of $351.47, which was achieved on June 16th.
Mixed Performance Compared to Competitors
In comparison to its competitors, Microsoft Corp.’s stock performance was mixed on Thursday. Apple Inc. (AAPL) saw a rise of 0.41% to reach $190.54, while Alphabet Inc. Cl C (GOOG) witnessed a significant increase of 4.36% to reach $124.83. Additionally, Alphabet Inc. Cl A (GOOGL) experienced a gain of 4.72% to reach $124.54.
Trading Volume
The trading volume for Microsoft Corp. was recorded at 20.5 million, which is 5.9 million below its 50-day average volume of 26.4 million.
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