Microsoft stock splits for the eighth time on March 26, 1999.

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On March 26, 1999, Microsoft Corporation stock splits for the eighth time since the stock became available to the public on March 13, 1986.

Adjusted for splits, an investor who bought 100 shares of Microsoft at the initial opening price of $21 a share would now own 14,400 shares. The stock closed at $92.38 on March 29, 1999, the first trading day after the split, making the original $2,100 investment worth more than $1.3 million.

Sources:
"Stock Information," Microsoft website (www.microsoft.com/MSFT/stock/splits.htm).

By Cassandra Tate, January 01, 1999

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