From Ticker Sense
As we noted in our previous post, MSFT has been down 8 days in a row. We looked back throughout the company’s entire public history to see how many times this has occurred and found that it has only happened on 2 other occasions. On October 10, 1988, the stock was down 8 days in a row and went up 2.48% on the ninth day. Over the following week, the stock gained 3.96%. On September 22, 2005, the stock experienced the same 8-day losing streak but went down 28 bps on the ninth day, was flat on the tenth day, and was up 2.37% over the next week. Please see the table below for details.
