Microsoft Went 240 Trading Days Without a Record Close. History Says What Usually Happens Next.

Microsoft reached a new record close on October 13, 2026, after a 240-trading-day wait since its previous record in October 2025. During this period, the stock fell 35% before recovering 54%. Historically, Microsoft's stock has risen within a year after five of seven similar long waits, though two instances saw declines. The article notes that Microsoft's valuation became more attractive during the wait, with the P/E ratio declining from 40x to 30x earnings while the company grew earnings per share by 32% in fiscal 2026.