Microsoft Corporation (NASDAQ:MSFT) to Expand Its Retail Presence Coming Year - SPLK, INTU, RHT

Pompano Beach, FL -- (SBWIRE) -- 12/27/2012 -- Microsoft Corporation (NASDAQ:MSFT) is will carry on hunting sales growth by opening additional brick and mortar retail outlets. It stays to be seen if it will increase Surface tablet sales.

Is MSFT a Solid Investment at These Levels? Read This Report For Details

Microsoft is increasing its retail presence coming year by opening at least six fresh locations, the company declared recently.

Jonathan Adashek, Microsoft's general manager of Communications and Strategy for the Sales and Marketing Services Group, commented that the news covers a year of quick store openings.

Adashek wrote in Microsoft's official blog that it is been a significant year for the Microsoft retail outlets. They opened 51 fresh Full-line and Specialty stores, counting their first international stores in Edmonton, Burnaby, Vancouver and Toronto, Canada in just the previous year.

At the current trading session, Microsoft Corporation (NASDAQ:MSFT) shares are down -0.19% to $26.81 while the stocks are trading within the range of $26.70 – $26.95. In the past year, the stock has traded within a range of $25.76 – $32.95. Average daily trading volume is 57.49 million shares.

Has MSFT Found The Bottom and Ready To Move Up? Find Out Here

If we look at a few other stocks within industry, Splunk Inc, Intuit Inc. and Red Hat, Inc. were in the losers. Let’s have a quick look on their Market performance.

Splunk Inc (NASDAQ:SPLK) shares are down -2.22% to $28.20 while the stock is trading within the range of $28.04 – $28.81 in the current trading session. In the last 12 months the shares have traded between $25.15 and $39.75. The average daily trading volume is 1.53 million shares.

Why Should Investors Buy SPLK After the Recent Fall? Just Go Here and Find Out

Intuit Inc. (NASDAQ:INTU) shares in the current session moved down -0.66% reaching $60.47. The stocks are trading in a range of $60.24 – $60.96. In the last year the stock has moved within a range of $51.88 – $62.86. The Company’s average daily trading volume is 1.69 million shares.

Will INTU Get Buyers Even After The Recent Rally? Find Out Here

Another rival company, Red Hat, Inc. (NYSE:RHT), is trading down -1.29% to $52.85. Intraday trading recorded the stock price in a range of $52.73 to $53.52. In the previous 52 weeks the stock’s price ranged between $40.82 and $62.75. Their average daily trading volume is 1.71 million shares.

Has RHT Found The Bottom and Ready To Move Up? Find Out Here

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