Boston, MA, 08/13/2013 (nysepost) – It had recently been announced that a class action suit had been filed against Microsoft Corporation (NASDAQ:MSFT) by Robbins Geller Rudman & Dowd LLP at the District Court of United States for the District of Massachusetts. The class action suit is reported to have been filed on behalf of the investors who had purchased the common stock of the company during the period between April 18, 2013 and July 18, 2013 which had been described as the class period.
The claim had been charged against Microsoft Corporation and its officers related to the violations of the Securities Exchange Act of 1934. It had been alleged that during this class period the defendants had issued statements which were observed to be false and misleading and were related to the financial performance of the company and to the sales of the company’s new Surface RT tablet. It had been reported that Microsoft had failed to make public to its investors on the information related to the adverse effects of the company’s performance results.
Microsoft Corporation closed at $32.87 per share on Monday, which was a gain of 0.52% on the previous closing price for the company. The stock had been presenting intraday price fluctuations in the range of $32.46 at low price to $32.97 at high price on Monday. The stock presently has its 52 week low price level at $26.26 and 52 week high price level at $36.43 per share. The company’s outstanding shares in the market amount to a volume of 8.33 billion to present a market cap of $273.74 billion. The trading volume for this company on Monday was reported to be at 25.50 million shares, while the stock’s average trading volume had been at 47.99 million shares per day.