Microsoft stock closes above $100/share for the 1st time

Microsoft stock crossed the $100 threshold for the first time Friday, closing at $100.79.

Microsoft has been in uncharted stock territory since October 2016 when shares hit a then all-time high of $59.66, eclipsing a milestone set 17 years prior. The stock has been sitting in the $90 to $95 range for much of this year, but surged this week and got over the hump as rumors popped that Microsoft is in talks to acquire GitHub.

The Wall Street milestone is another sign of Microsoft’s resurgence in recent years under CEO Satya Nadella. Microsoft recently passed Google parent Alphabet to become the third most valuable tech company by market cap, trailing only Amazon and Apple. Microsoft finished off the day with a market cap of close to $775 billion.