Microsoft Corporation (NASDAQ:MSFT) shares are trading higher Tuesday. The stock is up by more than 13% over the last month.
What To Know:
Microsoft shares are trading higher Tuesday, and the stock has gained nearly 7% over the last five days.
Last Friday and Saturday, Blizzard Entertainment, Inc., announced several game updates and releases at BlizzCon 2023. Blizzard Entertainment is a division of Activision Blizzard, which was recently acquired by Microsoft.
Microsoft released its first-quarter financial reports on Oct. 24. The company reported earnings of $2.99 per share, beating the consensus estimate of $2.65 per share and quarterly revenue of $56.517 billion.
According to data from Benzinga Pro, MSFT shares are trading above their 50-day moving average of $329.40, and only 0.58% of MSFT shares are being sold short.
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MSFT Price Action: According to Benzinga Pro, Microsoft shares are up 1.45% at $361.70 at the time of publication.
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