Microsoft’s market value surged $450 billion in one day
Microsoft’s market value grew by about $450 billion between one close and the next on July 30.
The company’s shares finished that session 15.5% higher, at $451.10, after a fiscal fourth-quarter report.
Notably, this big move happened inside a drawdown, with Microsoft entering that report down more than 18% for the year.
The stock still trades about 12% under its 52-week high of $553.72, even after adding about another 8% since the record close to around $487.