Shares of Microsoft Corp., a global giant in the development and sale of operating systems and software for computers, are correcting at 244.00.
The company continues to face significant hurdles from various antitrust authorities regarding its intention to buy video game developer Activision Blizzard Inc. The deal was scheduled for January, but judging by the number of lawsuits, the likelihood of its signing is not so great. In return, the European Commission has sent out questionnaires to popular video game corporations, based on which it hopes to find out whether they believe this operation may adversely affect market competition. According to an article by Reuters analysts, in the event of prohibitive measures by the authorities, the management of Microsoft Corp. may redirect its attention to acquiring another popular service – Netflix Inc. The material refers to close contacts between the two companies, which are expressed in the conclusion of an exclusive advertising partnership agreement. If successful, the deal may take place.
The dividend payment is scheduled for March 9. It will be the second one to consider the annual increase, which will be 0.68 dollars per share instead of 0.62 dollars per share in the last financial year. Thus, the yield will reach 1.11% per annum, higher than the usual 0.80% previously.
On the daily chart of the asset, the trading instrument is approaching the year's low, falling within the Triangle pattern.
Technical indicators are ready to give a sell signal: the range of fluctuations of the Alligator EMA is narrowing, and the histogram of the AO oscillator has reached the transition level and is preparing to break it.
Resistance levels: 250.00, 264.00. | Support levels: 238.40, 224.00.