Microsoft Up After First Day of Split - TheStreet

On most days it would be big news:

Microsoft

(MSFT) - Get Report

down 50% from previous close. But not today. The 2-for-1 stock split announced

earlier in the year went into effect Tuesday.

That means there's twice as much Microsoft stock on the market, but at half the price.

For the record, Microsoft closed at $48.30 Friday, and opened at $24.62 a share Tuesday morning. At the close of trading Microsoft had gained 81 cents, or 3.4%, to $24.96.