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Shares of Salesforce Inc. (CRM) slipped 8.27% to $147.00 Thursday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.09% to 4,076.57 and Dow Jones Industrial Average falling 0.56% to 34,395.01. Salesforce Inc. closed $123.57 short of its 52-week high ($270.57), which the company achieved on December 10th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) fell 0.18% to $254.69, Alphabet Inc. Cl C (GOOGL) fell 0.17% to $101.28, and Alphabet Inc. Cl A (GOOGL) remained unchanged. Trading volume (33.6 M) eclipsed its 50-day average volume of 7.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled December 1, 2022.
(END) Dow Jones Newswires
December 01, 2022 16:50 ET (21:50 GMT)
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