Microsoft (NASDAQ:MSFT) Takes First Step towards Social Networking; Launches “So.cl”
Microsoft Takes First Step towards Social Networking; Launches “So.cl”
Microsoft Corporation (NASDAQ:MSFT) has quietly unveiled its own social network that has been in development for about a year in the shadow when Facebook filed biggest IPO of the technology companies history. Microsoft named its social network as “So.cl” and stated that it helps students to connect with one another.
On the other hand, Microsoft’s clear that So.cl is not planned to compete with Facebook Inc (NASDAQ:FB). Microsoft names So.cl and pronounced as “social” is a new research project, developed by its FUSE Labs. The basic objective of So.cl is assisting users find and share interesting web pages in the way students do when they work combined by linking social networking and search.
Moving towards the financial highlights, Shares of Microsoft Corporation (NASDAQ:MSFT) stated the trading session with a price of $29.10 and during the session moved up at a high of $29.48 and climbed 0.79% to $29.50 till last seen.
Microsoft had a trade volume of 56.21 million shares was more than as evaluated against median trading capacity of 47.76 million shares.
MSFT stock is in front of 52 week low with 27.15% and behind from its 52 week high price with -10.59%. Microsoft previous month stock price volatility was 1.66% while its share capital was 8.40 billion outstanding shares among them 7.56 billion shares have been floated in market. Institutional ownership of MSFT stock remained 67.12% whereas insider ownership comprised 5.76%.
Microsoft shares price fell from its 20 days moving average with -5.91% and remote pessimistically from 50 days moving average with -6.78%. Current year Microsoft earnings per share experienced an upward trend with +28.20% while its present quarter performance remained -5.73%. Microsoft’s beta coefficient value was 1.01; Beta factor is used to calculate the amount of market risk linked with market trade.
Turning towards the industry, Oracle Corporation (NASDAQ:ORCL) climbed 2.15% to $26.16, Google Inc (NASDAQ:GOOG) surged 1.51% at $609.44 while shares of Apple Inc (NASDAQ:AAPL) climbed 3.14% at $547.21 at 10:39AM EDT.