Microsoft Sits 12% Below Its High After the Largest One-Day Market Value Gain on Record. Here's What History Suggests Comes Next.

On July 30, Microsoft (NASDAQ: MSFT) grew its market value by about $450 billion between one close and the next. Shares finished that session 15.5% higher, at $451.10, after a fiscal fourth-quarter report that paired 18% revenue growth with guidance for Azure (the company's cloud computing platform) to grow about 45% in constant currency in the fiscal first quarter.

Notably, this big move happened inside a drawdown. Microsoft entered that report down more than 18% for the year. Even now, after adding about another 8% since the record close to around $487 as of this writing, the stock still trades about 12% under its 52-week high of $553.72.

There aren't many days like this to learn from. Six others since February 2022 come close enough to be worth studying. So what did those days actually lead to?

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