Shares of Microsoft Corporation (NASDAQ:MSFT) dropped -0.06% to $49.87 on Friday. The share price is trading in a range of 49.35 – 50.25 (Price in Dollars). The stock exchanged hands with 48.41M shares contrast to its average daily volume of 31.47M shares, according to Business Insider, Microsoft Corporation (NASDAQ:MSFT) said on Friday that it is not supporting the Republican National Convention with a cash donation this year.
However, it is donating technology to the organization and will not withdraw that form of sponsorship.
As for the Democrats’ convention, Microsoft says that it is also donating technology in addition to “some sponsorship of host committee activities” — that is, more direct financial support.
Earlier this month, a group called Muslim Advocates gathered 24 civil rights and faith groups to pressure Microsoft, Google and Apple to stop supporting the RNC.
Groups representing African Americans, Latinos, Muslims, Arabs, women’s groups and the LGBT community signed the open letters.
They wanted Microsoft, Google and Apple “to withdraw from and depreciate any existing or future sponsorships, counting in-kind contributions, to political party conventions where hateful and bigoted rhetoric is highlighted and supported.”
“Microsoft took an important step forward recently by standing against Republican front-runner Donald Trump’s bigotry and declining to provide cash support for the Republican National Convention. We, however, will continue to call on Microsoft and other current sponsors to also stop the promotion of their products and airing of commercials during the convention, and will continue to press them on in-kind donations.” Business Insider Report
During the most recent trading day, the stock’s price shifted up +27.31 percent from its 52-week-low while -12.15 percent lower from its 52-week high.
The stock’s price moved up its 200 day moving average of $53.06. The stock is presently trading up its SMA 50 of $54.00.
The share price of Groupon Inc (NASDAQ:GRPN) declined -49.12 percent for the year. YTD, the current share price of the stock is above 15.65 percent. The company holds earnings per share (EPS) of -$0.21 for the twelve months, after Groupon, Inc. (NASDAQ:GRPN) declared financial results for the quarter ended March 31, 2016.
“We started the year making continued strides toward becoming a daily habit in local commerce,” said CEO Rich Williams. “We sold the billionth Groupon in the first quarter and gained momentum on each of our planned priorities, with customer growth and gross profit margin improvements highlighting our progress. Our business fundamentals and operational efficiency keep improving as our marketplace matures to become the leading and most effective of its kind.”
During the first quarter 2016, Groupon repurchased 18,820,000 shares of its Class A common stock for an aggregate purchase price of $63.4 million. Up to $93.6 million of Class A common stock was available for repurchase under Groupon’s share repurchase program as of March 31, 2016. In connection with the Company’s $250 million senior convertible notes issuance in April 2016, the Board of Directors approved a $200 million increase to its share repurchase program and extended the program through April 2018. The timing and amount of any share repurchases are determined based on market conditions, share price and other factors, and the programs may be suspended or suspended at any time.
Groupon’s outlook for 2016 reflects current foreign exchange rates, as well as predictable marketing investments, continued progress on increasing Shopping margins, and a reduction of our international footprint. We continue to expect revenue of between $2.75 and $3.05 billion for the full year, and we are increasing the company’s predictable 2016 adjusted EBITDA range to between $85 million and $135 million.
In the liquidity ratio analysis; debt to equity ratio was 0.12. The company has the institutional ownership of 59.60 percent while the Beta factor was 1.00. The corporation generated revenue of $3.12B in past 12 months. The stock’s RSI amounts to 29.80. The stock’s dividend payout ratio is 0.00 percent.
Shares of Groupon Inc (NASDAQ:GRPN) dropped -18.28% to $3.62.