New York, September 10:
Shares of Microsoft Corp. (NASDAQ: MSFT) rose modestly on Tuesday morning, briefly crossing the $500 threshold. By 9:58 a.m. ET, the stock was trading at $500.17, up $1.76 (0.35%) from its previous close of $498.41.
Intraday Performance
- Opening price: $502.98
- Day’s high: $503.23
- Day’s low: $496.74
- Market cap: $3.70 trillion
- P/E ratio: 36.59
- Dividend yield: 0.67% (quarterly dividend: $0.84)
The stock opened higher at $502.98 but quickly saw some selling pressure, dropping to a low of $496.74 before rebounding above the $500 mark.
52-Week Performance
Microsoft has traded between a 52-week high of $555.45 and a 52-week low of $344.79. The current level places the stock closer to the upper end of that range, underscoring continued investor confidence.
Market Sentiment
The slight uptick comes despite broader uncertainty in the technology sector. Analysts attribute the resilience to Microsoft’s strong position in cloud computing (Azure), enterprise software, and artificial intelligence initiatives, all of which are expected to drive long-term growth.
Analyst Perspective
“Microsoft’s fundamentals remain very strong,” one market strategist noted, highlighting the company’s balance between growth and dividends. Still, high valuations and regulatory scrutiny could act as moderating factors in the near term.
