New York, NY – Was Microsoft A Penny Stock? Mmmm. Never!

New York, NY – Proponents of penny stocks often try to convince investors to take a chance by spreading false success stories. One of the most popular has to do with Microsoft starting as a penny stock. It’s not true.

Here’s the truth: Microsoft’s stock debuted on the Nasdaq market on March 13, 1986. Its price at the end of that first day was $28. Microsoft’s stock price, as quoted in newspapers and now the Internet, has never fallen below $1 a share. In fact, the stock’s lowest quoted price in its history was $21.51 on June 13, 2006. [usatoday]