The Street Likes Office 365
Microsoft, the stock, did relatively well in the trading sessions surrounding the launch of Office 365.
MSFT had a strong session on Monday as investors anticipated the Office 365 launch and digested a report that Windows 8 might come sooner than expected.
"Microsoft enjoyed a strong session, with the stock closing up 3.7% at $25.20 -- its best one-day percentage gain since Sept. 13 of last year," Dow Jones MarketWatch reported Monday. And the Tuesday Office 365 launch event itself apparently didn't disappoint either. According to the WSJ.com, Microsoft contributed to the Dow Jones Industrial Average's biggest gain in two months:
"Microsoft gained 60 cents, or 2.4%, to 25.80, building on Monday's gains, as the company unveiled an online version of its Office software suite."
Posted by Scott Bekker on June 28, 2011