Microsoft Stock Declines: MSFT Trades Below $388 in Sunday Afternoon Session
Microsoft Corp (NASDAQ: MSFT) shares are experiencing a downturn in Sunday afternoon trading, April 28th. The technology giant’s stock has slipped by over 1 percent as the market session progresses.
As of 1:19 PM GMT-4, Microsoft stock was trading at 387.47 USD. This represents a decrease of 4.38 USD, or 1.12 percent, compared to the previous closing price of 391.85 USD. The red downward arrow indicates the negative performance for the day so far.
The trading day for Microsoft began slightly above the prior close, opening at 391.96 USD and quickly reaching an intraday high of 392.00 USD. However, selling pressure took hold shortly after the open, pushing the stock down throughout the morning to a low of 386.64 USD before settling near its current level.
Microsoft maintains its position as one of the world’s largest companies with a market capitalization listed as 2.88L Cr (representing approximately 2.88 Trillion USD). Key financial metrics include a Price-to-Earnings (P/E) ratio of 31.21 and a dividend yield of 0.86 percent.
Today’s decline places Microsoft’s stock price well within its 52-week range. The highest point the shares have reached over the past year is 468.35 USD, while the lowest point recorded was 344.79 USD.
