Microsoft Corp. Stock Falls Tuesday, Underperforms Market

Great Lakes Dredge & Dock Corp

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Industrials : Construction & Engineering | Small Cap Blend

Company profile

Great Lakes Dredge & Dock Corporation is a provider of dredging services. The Company provides dredging services in the East and Gulf Coasts of the United States and around the world. Its dredging generally involves the enhancement or preservation of the navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Domestically, its work generally is performed in coastal waterways and deep-water ports. Its United States dredging market consists of four primary types of work: capital, coastal protection, maintenance and rivers and lakes. It operates three principal types of dredging equipment: hopper dredges, hydraulic dredges and mechanical dredges. Its domestic dredging fleet is positioned on the East and Gulf Coasts, with a smaller number of vessels positioned on the West Coast, and with many of the rivers and lakes dredges on inland rivers and lakes.

Microsoft Corp. Stock Falls Tuesday, Underperforms Market

4:32 pm ET June 28, 2022 (MarketWatch) Print

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

Shares of Microsoft Corp. MSFT slid 3.17% to $256.48 Tuesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index SPX falling 2.01% to 3,821.55 and Dow Jones Industrial Average DJIA falling 1.56% to 30,946.99. This was the stock's second consecutive day of losses. Microsoft Corp. closed $93.19 below its 52-week high ($349.67), which the company achieved on November 22nd.

The stock demonstrated a mixed performance when compared to some of its competitors Tuesday, as Apple Inc. AAPL fell 2.98% to $137.44, Alphabet Inc. Cl A GOOGL fell 3.30% to $2,240.15, and SAP SE ADR SAP fell 1.88% to $95.47. Trading volume (25.9 M) remained 7.2 million below its 50-day average volume of 33.1 M.

Data source: Dow Jones Market Data, FactSet. Data compiled June 28, 2022.

(END) Dow Jones Newswires

June 28, 2022 16:32 ET (20:32 GMT)