Microsoft's stock is facing downward pressure due to a combination of factors impacting the tech giant. On November 27, 2024, Quotient Wealth Partners LLC disclosed a reduction in its holdings of Microsoft shares by 4.3% during the third quarter, reflecting a broader trend among institutional investors adjusting their positions. This move comes amid a backdrop of increased competition in the software industry and recent service disruptions affecting Microsoft's Outlook and Teams platforms, which have raised concerns about the company's operational resilience. Additionally, geopolitical tensions, such as Russian hackers exploiting vulnerabilities in Windows, have added to the uncertainty surrounding Microsoft's security infrastructure.
The GraniteShares 2x Long MSFT Daily ETF (MSFL) is down 0.78% in pre-market hours on Wednesday, November 27, falling to $24.08 as of 8:24 AM ET.