Just over six months ago, Microsoft Corp. (NASDAQ: MSFT) was trading at an all-time high of over $542. At that time, many analysts were whispering that many technology stocks were overvalued.
So, it shouldn’t come as much of a surprise that MSFT is down from those lofty heights. However, there weren’t many analysts who expected to get this kind of discount on MSFT. In fact, at the beginning of April, the stock was trading at around $357, erasing all its gains over a 12-month period.