Microsoft Corporation (MSFT) reportedly introduced a newly retooled LinkedIn Audience Network, which would enable advertisers to target sponsored content to LinkedIns global user base of over 500 million.
Microsoft shares closed lower for a third consecutive trading session on Wednesday. The stock edged down 0.29%
($0.21) to $73.40, with the intraday high and the intraday low being at $74.01 and $73.35 respectively. In the week ended on September 3rd the shares of the tech giant added 1.54% to their market value compared to a week ago, which marked a second consecutive period of gains and also the best performance since the week ended on July 16th. The stock has extended its loss to 1.83% so far during the current month, following a 2.85% surge in August. The latter has been a second straight month of gains. For the entire past year, the shares of the NASDAQ-listed company gained 12.00%. The stock has risen 18.12% so far in 2017.
According to LinkedIn, 6 000 advertisers took part in a beta phase of its Audience Network.
The professional networking site also noted that advertisers achieved a 3% to 13% growth on average in unique impressions as well as an 80% growth in unique clicks.
According to CNN Money, the 32 analysts, offering 12-month forecasts regarding Microsoft’s stock price, have a median target of $82.00, with a high estimate of $90.00 and a low estimate of $49.00. The median estimate is an 11.72% surge compared to the closing price of $73.40 on September 6th.
The same media also reported that 23 out of 34 surveyed investment analysts had rated Microsoft’s stock as “Buy”, while 9 – as “Hold”. On the other hand, 1 analyst had recommended selling the stock.
Daily and Weekly Pivot Levels
With the help of the Camarilla calculation method, today’s levels of importance for the Microsoft stock are presented as follows:
R1 – $73.46
R2 – $73.52
R3 (Range Resistance – Sell) – $73.58
R4 (Long Breakout) – $73.76
R5 (Breakout Target 1) – $73.97
R6 (Breakout Target 2) – $74.06
S1 – $73.34
S2 – $73.28
S3 (Range Support – Buy) – $73.22
S4 (Short Breakout) – $73.04
S5 (Breakout Target 1) – $72.83
S6 (Breakout Target 2) – $72.74
By using the traditional method of calculation, the weekly levels of importance for Microsoft Corporation (MSFT) are presented as follows:
Central Pivot Point – $73.65
R1 – $75.25
R2 – $76.56
R3 – $78.16
R4 – $79.76
S1 – $72.34
S2 – $70.74
S3 – $69.43
S4 – $68.12
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