Salesforce.com Inc. Stock Underperforms Wednesday When Compared To Competitors Despite Daily Gains
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Shares of Salesforce.com Inc. (CRM) inched 0.09% higher to $226.27 Wednesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.97% to 4,532.76 and Dow Jones Industrial Average falling 0.96% to 35,028.65. Salesforce.com Inc. closed $85.48 short of its 52-week high ($311.75), which the company achieved on November 9th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 0.22% to $303.33, Adobe Inc. (ADBE) rose 0.63% to $516.58, and SAP SE ADR (SAP.XE) rose 0.51% to $136.79. Trading volume (5.3 M) remained 1.1 million below its 50-day average volume of 6.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 19, 2022.
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January 19, 2022 16:47 ET (21:47 GMT)
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