What's Going On With Microsoft Stock Monday?

Microsoft Corp MSFT stock is trading higher Monday after the company completed the $69 billion Activision Blizzard acquisition after winning the U.K. regulator approval last week. Activision stopped trading on the Nasdaq effective Oct. 16.

Meanwhile, the U.S. Federal Trade Commission remains concentrated on its appeal against the Xbox maker. The FTC proposed assessing the company's agreement with Ubisoft, Reuters reports.

The companies closed their deal on Friday after winning approval from Britain, provided that they sell the streaming rights to Activision's games to Ubisoft Entertainment to address the U.K. regulator's competition concerns.

Microsoft had cut similar deals with Nvidia Corp (NASDAQ: NVDA) and Sony Group Corporation SONY to win support for the contract.

In the U.S., the FTC has opposed the deal and has an argument scheduled before an appeals court on Dec. 6. 

The FTC continues to believe this deal is a threat to competition.

Analyst Ratings: Piper Sandler analyst Brent Bracelin reiterated Microsoft with an Overweight rating and a $400 price target.

Rosenblatt analyst Blair Abernethy maintained Microsoft with a Buy rating and raised the price target from $360 to $370.

Price Action: MSFT shares are trading higher by 1.85% at $333.73 at last check Monday. 

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