Shares of Microsoft Corp. slipped 1.89% to $235.81 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.56% to 3,928.86 and Dow Jones Industrial Average falling 1.81% to 33,296.96. The stock’s fall snapped a seven-day winning streak. Microsoft Corp. closed $80.14 below its 52-week high ($315.95), which the company achieved on March 30th.
The stock underperformed when compared to some of its competitors Wednesday, as Apple Inc. fell 0.54% to $135.21, Alphabet Inc. Cl C fell 0.41% to $91.78, and Alphabet Inc. Cl A fell 0.19% to $91.12. Trading volume (29.5 M) eclipsed its 50-day average volume of 29.2 M.