The rally stretched Microsoft’s lead as the most valuable U.S. company to well more than $100 billion, as the stocks of second-place Amazon.com Inc. and Apple Inc. languished well below their record closes.
They have rallied 9.7% over the past four sessions, which would be the best four-day performance in nearly four years, when it shot up 12.4% in the four days ending Oct. 28, 2015. Microsoft reached a $1 trillion valuation on a closing basis just once before, on April 30, at $1.001 trillion, about a week after the company reported better-than-expected quarterly results. With 7.66 billion shares outstanding as of April 18, according to the latest quarterly filing, Microsoft would be in trillion-dollar company as long as the stock closes above $130.50.
When Alysa Taylor, Microsoft’s vice president of business applications and global industry, was asked earlier this week at the Bank of America Merrill Lynch Global Technology Conference about Microsoft’s perspective on the U.S.-China trade war and regulatory concerns surrounding big tech, Taylor said China is “a small part of our business” and one of the company’s core pillars is trust and data privacy.
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Fuente: MarketWatch - 🏆 3. / 97 Leer más »