Microsoft stock hits $38.94, the highest level since 2000
Trading in Microsoft stock yesterday closed at its highest level in more than 13 years. Ending the day’s trading at $38.94 meant this was the highest closing trading price since the year 2000 when July 18’s trading closed at $39.25
Share prices for Microsoft have been something of a rollercoaster ride. There was an all-time high of $58 in the latter end of 1999, but this plummeted all the way down to $22 by the end of the following year.
As TechCrunch points out, it is interesting to note that the price crash coincided with Steve Ballmer becoming CEO of the company, and now he is on the verge of stepping down the price is spiking again. In reality, it is unlikely that there is much of a link between Ballmer’s presence and the share price — at least in the extremes. A lot of tech stock suffering at the turn of the century, and over the past twelve months Microsoft’s stock has been increasing in value at a fairly steady rate.
It remains to be seen whether prices will continue on their upward journey, but things seem to be looking good for Microsoft at the moment.
Don’t forget you can keep an eye on currently trading prices in the stock ticker at the top of the page!Further reading: Microsoft, Steve Ballmer, Windows