Microsoft Stock Is on Track for Another Record High

Nov 7, 2023 thejournalbiz

Microsoft keeps rising throughout the year!

The software giant’s shares, recently up nearly 1.5% at above $361, are on track for a new record high, according to data going back to 1986, when it went public.

Tweet on Microsoft stock fluctuation

@Microsoft Stock Is on Track for Another Record High.
The software giant's shares, recently up nearly 1.5% at above $361, are on track for a new record high, according to data going back to 1986, when it went public.#Microsoft #tech #shares #markets pic.twitter.com/KMX3TWbNks

— The_Journalbiz (@the_journalbiz) November 7, 2023

Chart by Factset

It’ll set a new standard if it closes above $359.49, according to Dow Jones Market Data. (Its last record close was in July.)

Microsoft’s shares have risen for eight consecutive sessions, including Tuesday’s, its longest such streak since January 2021. Its stock is up about 50% this year.

The company late last month reported strong demand for its cloud computing services, with quarterly sales growth of 13% year-over-year. It also finished the acquisition of Activision-Blizzard.