By
Godfrey Benjamin
April 18th, 2024
MSFT stock has gained approximately 37.49%, 27.29%, and 1.9% in the past year, YTD, and three months respectively.
Microsoft Corporation (NASDAQ: MSFT) stock closed yesterday trading at $283.11, down 2.07%. However, MSFT stock has gained approximately 0.4% during Tuesday’s premarket trading session. The tweak is likely to have been caused by the Windows 11 release scheduled to begin on specific devices from October 5.
“As the day becomes October 5 in each time zone around the world, availability of Windows 11 begins through a free upgrade on eligible Windows 10 PCs and on new PCs pre-installed with Windows 11 that can be purchased beginning today,” Microsoft explained.
However, the long-awaited Windows 11 operating system might take until mid-2022 for everyone to have access to the upgrade. Microsoft has developed and launched its OS upgrade since Windows 10 was released over five years ago.
Despite the latest OS upgrade being marketed for its capability to support android apps, the Microsoft team has noted that some features like this will take time to roll out. Already, there are device makers that have launched new gadgets with Windows 11 as the base operating system.
“Throughout September, we’ve seen some amazing new Windows 11 devices announced from our partners at ASUS, HP, and Lenovo and the Surface team. Acer, Dell, Samsung, and other partners will also be releasing new Windows 11 devices soon. Each one of our partners is critical to bringing Windows 11 to life,” Microsoft noted in a blog post on Monday.
Windows 11 brings a new era of devices and software development after almost a decade of quietness. The Microsoft team has emphasized providing a proper environment for developers across the globe to launch applications. More so now that the company has teamed up with other companies to enable android apps running on the latest Windows.
MSFT Stock amid Windows 11 Release Plans
According to market analytics provided by MarketWatch, MSFT stock has gained approximately 37.49%, 27.29%, and 1.9% in the past year, YTD, and three months respectively through Monday. As of Tuesday, the company had a reported market valuation of approximately $2.17 trillion and 7.51 billion outstanding shares. Putting the figures in crypto perspective, the entire crypto market cap stands at $2.29 trillion according to market analytics provided by CoinGecko.
In the past 52 weeks, MSFT stock ranged between $199.62 and $305.84. A survey conducted by MarketWatch indicates MSFT shares received an average rating of Buy from 37 ratings.