When Giants Stumble: A Detailed Analysis Of Microsoft's Unexpected 6% Slump After Soaring To A Historic High Of $349
Portfolio Pulse from Zaheer Anwari
Microsoft's stock price has been wrestling with the $350 mark, a resistance level that has stood firm since November 2021. The company's bid to acquire Activision Blizzard has sparked a legal battle with the FTC, which argues that the merger could hinder competition in the online gaming market. The stock declined by 6% after failing to break past $350 and is currently holding at support before the next attempt at the all-time high.
June 28, 2023 | 4:43 pm
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Microsoft's stock is struggling with the $350 resistance level. The ongoing legal battle with the FTC over the proposed Activision Blizzard acquisition could impact the stock's trajectory.
Microsoft's stock price is currently wrestling with the $350 mark, a resistance level that has stood firm since November 2021. The company's bid to acquire Activision Blizzard has sparked a legal battle with the FTC, which could potentially impact the stock's trajectory. The stock declined by 6% after failing to break past $350 and is currently holding at support before the next attempt at the all-time high.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100