Microsoft Corporation (NASDAQ:MSFT) Surface loosing sales worldwide – BBY, JIVE
Pompano Beach, FL — (MESHPRESS) — 12/28/2012 — No Limit Stocks – NOLIMITSTOCKS.com covers all the latest on up and coming stocks in the market. No limit Stocks team contain experts that study and analyzes the stock market and help individuals break through the limits and make them better & more successful investors.
Best Buy Co., Inc. (NYSE:BBY) has been a center for selling new technological devices every now and then but according to R.W. Baird Microsoft Corporation(NASDAQ:MSFT) Surface is not doing well in the retail stores worldwide.
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However, in the view of BBY managers the product is not being recommended to the customers at vast scale until they ask for it. but, main reason of this attitude towards MSFT’s Surface is identified as product’s novelty in the market which does not allow retailers to trust upon the product in order to save their clientele.
Additionally, retail chains are finding the featured items as sluggish in terms of picking up the sales therefore, they have enough of it in their backyards thus, the company is failing in terms of inducing sufficient demand, so that its product can slip into the markets in real terms.
Microsoft Corporation (NASDAQ:MSFT)’s shares touched a high of $27.09 before closing at $26.96, an increase of $0.10. The trading volume was 39.38 million shares. Since hitting a 52-week low of $25.91 on December 30, 2011, the stock has managed to stay 7.62% higher from that level. The latest gain caused shares to increase their 2012 gain to 6.77%.
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Shares of Best Buy Co., Inc. (NYSE:BBY) traded in a range of $11.20 to $11.52, completing the day up $0.04, or 0.35% to $11.51. The total volume of shares exchanged was 5.43 million. The stock was at -48.80% as on Dec 27, 2012 for this year as compared to -48.25% in the last 12 months. The company established a 52-week high of $27.95 on Mar 23, 2012 and is now -57.20% down than that level.
For How Long BBY’s Gloss will Attract Investors? Find out via this report
Jive Software Inc (NASDAQ:JIVE) with a -1.22% fall to $14.59 in the latest trading session has changed its distance from 200-Day Moving Average to -18.05% and 50-Day Moving Average to +12.93%. It captures $938.28million in market value. The mean rating 2.20 is set by analysts. The company is projected to report -$0.15 per share for the quarter ending Dec-12, according to 10 analysts surveyed by Reuters. The average EPS forecast of 10 analysts for the full-year is -$0.44.
Why Should Investors Buy JIVE After the Recent Fall? Just Go Here and Find Out
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