New York -- Microsoft Corporation (NASDAQ: MSFT), the software giant, is marginally lower in mid-day trading today. At last check, MSFT was trading 0.95% lower at $26.47 on volume of 18.12 million, which is well below the daily average volume of 60.67 million. MSFT is down more than 0.5% for the week.
Market sentiment has been bearish on MSFT over the last couple of weeks. Last week, the stock had fallen nearly 4%. The stock could continue to struggle in the next few trading sessions as technical indicators are giving bearish signal.
MSFT last week declared its quarterly dividend. The stock currently has a dividend yield of 3.47%.
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Cisco Systems Inc. (NASDAQ: CSCO), a designer, manufacturer and seller of Internet protocol-based networking and other products related to the communications and information technology industry, is amongst the major losers on NASDAQ in mid-day trading today. CSCO is currently trading 1.18% lower at $19.25 on volume of 23.25 million. Despite the losses, the stock has gained nearly 1.9% for the week.
CSCO has been gaining momentum over the last few weeks. The stock crossed $19 recently, which has been a stiff resistance level in the past. However, the bullish trend may be coming to an end as traders book profit. CSCO could see a pullback in the next few trading sessions.
CSCO is down in trading today even as the company laid its mid-term growth strategy. The company is betting in increased demand for software, services and security as it looks to become the world’s leading information technology company.
Find out more about CSCO here: http://www.monstertradingalerts.com/market-scan/?symbol=CSCO
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