Microsoft Corp. Stock Rises Friday, Still Underperforms Market

Dynex Capital Inc

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Financials : Mortgage Real Estate Investment Trusts (REITs) | Small Cap Value

Company profile

Dynex Capital, Inc. is an internally managed mortgage real estate investment trust (REIT), which primarily invests in residential and commercial mortgage-backed securities (MBS). The Company's objective is to provide attractive risk-adjusted returns to its shareholders over the long term that are reflective of a leveraged, high quality fixed income portfolio with a focus on capital preservation. The Company seeks to provide returns to its shareholders primarily through the payment of regular dividends and through capital appreciation of its investments. The Company primarily invests in Agency MBS, including residential MBS (RMBS), commercial MBS (CMBS) and CMBS interest-only (IO) securities. The Company also have an investment in non-Agency MBS, which consist mainly of CMBS IO.

Microsoft Corp. Stock Rises Friday, Still Underperforms Market

4:32 pm ET May 13, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Microsoft Corp. (MSFT) rallied 2.26% to $261.12 Friday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 2.39% to 4,023.89 and the Dow Jones Industrial Average rising 1.47% to 32,196.66. The stock's rise snapped a two-day losing streak. Microsoft Corp. closed $88.55 short of its 52-week high ($349.67), which the company reached on November 22nd.

The stock demonstrated a mixed performance when compared to some of its competitors Friday, as Apple Inc. (AAPL) rose 3.19% to $147.11, Alphabet Inc. Cl A (GOOGL) rose 2.84% to $2,321.01, and SAP SE ADR (SAP.XE) rose 1.79% to $98.71. Trading volume (34.7 M) eclipsed its 50-day average volume of 33.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled May 13, 2022.

(END) Dow Jones Newswires

May 13, 2022 16:32 ET (20:32 GMT)