Salesforce.com Inc. Stock Falls Thursday, Underperforms Market

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Citigroup Inc. is a diversified financial service holding company. The Company provides a range of financial products and services, including consumer banking and credit, corporate and investment banking, securities brokerage, trade and securities services and wealth management. It operates through two segments: Institutional Clients Group (ICG) and Global Consumer Banking (GCB). ICG segment consists of banking and markets and securities services and provides corporate, institutional, public sector and high-net-worth clients with a range of banking and financial products and services. GCB segment includes a global, full-service consumer franchise delivering an array of banking, credit card, lending and investment services through a network of local branches, offices and electronic delivery systems. It consists of three GCB units, which include North America, Latin America and Asia, including consumer banking activities in certain Europe, the Middle East and Africa (EMEA) countries.

Salesforce.com Inc. Stock Falls Thursday, Underperforms Market

4:47 pm ET January 13, 2022 (MarketWatch) Print

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Salesforce.com Inc. (CRM) slipped 3.87% to $228.63 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.42% to 4,659.03 and Dow Jones Industrial Average falling 0.49% to 36,113.62. The stock's fall snapped a three-day winning streak. Salesforce.com Inc. closed $83.12 short of its 52-week high ($311.75), which the company achieved on November 9th.

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) fell 4.23% to $304.80, Adobe Inc. (ADBE) fell 2.91% to $516.90, and SAP SE ADR (SAP.XE) fell 3.03% to $135.91. Trading volume (6.4 M) eclipsed its 50-day average volume of 6.2 M.

Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 13, 2022.

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(END) Dow Jones Newswires

January 13, 2022 16:47 ET (21:47 GMT)