Salesforce.com Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Salesforce.com Inc. (CRM) slipped 1.93% to $218.63 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.89% to 4,397.94 and Dow Jones Industrial Average falling 1.30% to 34,265.37. This was the stock's second consecutive day of losses. Salesforce.com Inc. closed $93.12 below 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 Friday, as Microsoft Corp. (MSFT) fell 1.85% to $296.03, Adobe Inc. (ADBE) fell 2.14% to $499.91, and SAP SE ADR (SAP.XE) fell 0.88% to $135.80. Trading volume (8.9 M) eclipsed its 50-day average volume of 6.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled Janurary 21, 2022.
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January 21, 2022 16:47 ET (21:47 GMT)
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