) shares were trading lower by $0.45 (1 percent) at $43.94 in Tuesday's session. It has relinquished almost all of its gain from a better-than-expected Q3 earnings report. On April 24, it catapulted in a rare fashion for the usually slow-moving issue from its close of $43.83 to $47.87. The rally had follow through and ended up posting a high close for the move on April 28 at $49.16. That was the first time the issue came close to the $50 level since March 2000. However, since peaking at $49.54 on April 30, Microsoft has grinded lower, reaching its lowest level (around $43.32) in today's session before rebounding to the $44 level. It should be noted that the issue had a similar reaction to its in-line Q2 report in mid-January. After swooning from $47.01 to $42.66, it went on to bottom at the $41 level and recovered to $43.00, before the Q3 beat sent shares into orbit. With such extreme volatility over its last two reports, all eyes will be on the issue when it reports Q4 earnings on July 21.