Will Microsoft’s stock finally rebound? A board member just bet $2 million on a turnaround.

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Microsoft’s stock has been a major laggard in recent months, and now a board member just bought the dip.

John Stanton, a Microsoft MSFT director, scooped up 5,000 shares of Microsoft at $397.35 on Wednesday, paying almost $2 million. He disclosed the purchase in a filing with the Securities and Exchange Commission later in the day.

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