Microsoft books new ATH

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Source: Dukascopy Bank SA


The stock price of Microsoft has been surging since the middle of May. Most recently, the stock price hit the $271.65 level and booked a new all-time-high level.

The surge can be explained by various factors. First of all, the price had finished a retracement down on May 13 in the aftermath of booking a high on April 27. Namely, the overbought pressure was absent.

Afterwards, a dividend was paid out on May 19, which began the surge.

The dividend was followed up by a 40 day surge that was fuelled by news about Xbox Game Pass, Microsoft experience stores, CEO Satya Nadella being named as Chairman of the company, an investment into Wejo and, above all, the release of Windows 11.
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