Microsoft Corp (MSFT) $28.08 +3.54%
Microsoft (MSFT, news, chart) is up 72 cents to $27.84 and trading at session highs after Dow Jones Newswires reported that talks with Yahoo (YHOO) have concluded without an agreement. The news came shortly after Tech Crunch reported that Yahoo was set to announce an agreement with Google (GOOG) this afternoon (see earlier post about (YHOO, news, chart) for details) Microsoft is now trading higher given that some of the uncertainty about the possible merger has passed. In the options market, players are clearly showing interest in MSFT calls, as 62,000 contracts has traded, compared to 26,000 puts. Recent buy orders are being seen in the June 27s, June 28s, June 29s, and July 27.5s.
Category: All Stocks, Large Cap Stocks, Software & Computer Services
Free Newsletter
If you enjoyed this article, sign up to receive more just like it.
About the Author (Author Profile)
Frederic Ruffy is a well-known trader, writer, and strategist who has spent years educating investors and creating intelligent, insightful, unbiased market observations that are frequently cited by the Wall Street Journal and other financial publications. As senior analyst, Fred provides frequent and regular notes and daily updates for activity of interest.
