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Information Technology : Software | Large Cap Growth
Company profile

Microsoft Corporation is a technology company. The Company develops, licenses, and supports a range of software products, services and devices. The Company's segments include Productivity and Business Processes, Intelligent Cloud and More Personal Computing. The Company's products include operating systems; cross-device productivity applications; server applications; business solution applications; desktop and server management tools; software development tools; video games, and training and certification of computer system integrators and developers. It also designs, manufactures, and sells devices, including personal computers (PCs), tablets, gaming and entertainment consoles, phones, other intelligent devices, and related accessories, that integrate with its cloud-based offerings. It offers an array of services, including cloud-based solutions that provide customers with software, services, platforms, and content, and it provides solution support and consulting services.

Price
Delayed
$183.34
Day's Change
-0.17 (-0.09%)
Bid
--
Ask
--
B/A Size
--
Day's High
186.50
Day's Low
182.32
Volume
(Average)

Today's volume of 17,943,478 shares is on pace to be in-line with MSFT's 10-day average volume of 33,944,012 shares.

17,943,478

Cannabis stocks tumble along with broader market, Aurora Cannabis down 9%

12:26 pm ET March 9, 2020 (MarketWatch)
Print

Cannabis stocks fell sharply Monday, swept up in the broader market rout that was triggered by an oil price war between Saudi Arabia and Russia and the continued spread of the coronavirus. The ETMG Alternative Harvest ETF (MJ) was down 5.7%, with every one of its constituent stocks, which include tobacco companies, trading lower. The Cannabis ETF (THCX) was down 7.5%, with all of its constituent stocks lower. Aurora Cannabis Inc. (ACB.T), the most widely held stock on the trading platform RobinHood, fell 9%. Canopy Growth Corp. (WEED.T), the market leader, was down 5.6%. Tilray (TLRY) was down 10%, after MKM analyst Bill Kirk said he's struggling to make sense of the math in Tilray's guidance that it will have positive adjusted EBITDA in the fourth quarter of 2020. "Adjusted EBITDA would still be negative even if: 1) 4Q'20 revenue was 2x 4Q'19 (difficult, but possible); 2) gross margin expanded 500bps (low probability that needs large international contribution); and 3) adjusted SG&A costs were flat y/y on an absolute basis (extremely unlikely given growth required)," Kirk wrote in a note to clients. Kirk lowered his fair value estimate on the stock to $13 from $26. Cronos Corp. (CRON.T) was down 3.4%. The S&P 500 was down 4.8% and the Dow Jones Industrial Average was down 5%.

-Ciara Linnane; 415-439-6400; AskNewswires@dowjones.com

(END) Dow Jones Newswires

March 09, 2020 12:26 ET (16:26 GMT)

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