Microsoft Corp.’s stock is experiencing a troubling downward trend, putting it on track for its longest losing streak in more than a year. On Monday, the company’s shares dropped by as much as 0.6%, possibly leading to a seventh consecutive trading session of declines. This would mark the worst losing streak since September 6, 2022, when shares fell for seven straight days.
According to Dow Jones market data, if Monday’s performance continues to decline, it would also represent the stock’s most significant seven-day downturn since the period ending August 3, during which it experienced a notable 6.9% decrease. Currently, the stock is approximately 12.4% below its record closing high of $359.49, achieved on July 18.
In the latest trading session, Microsoft shares were down by 0.4% at $315.64. If this downward trajectory continues, it could result in the stock reaching its lowest closing price since May 24 when it finished at $313.85. It is worth noting that Microsoft is an integral component of the Dow Jones Industrial Average, which remained relatively unchanged during this time.
Although Microsoft’s stock is enduring a challenging phase, its perseverance and resilient nature will undoubtedly play a key role in navigating these uncertain times.