Salesforce Inc. Stock Falls Friday, Underperforms Market
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Shares of Salesforce Inc. (CRM) slid 0.09% to $186.43 Friday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 1.61% to 4,045.64 and the Dow Jones Industrial Average rising 1.17% to 33,390.97. The stock's fall snapped a four-day winning streak. Salesforce Inc. closed $35.73 below its 52-week high ($222.16), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) rose 1.66% to $255.29, Alphabet Inc. Cl C (GOOGL) rose 1.85% to $94.02, and Alphabet Inc. Cl A (GOOGL) rose 1.79% to $93.65. Trading volume (12.1 M) eclipsed its 50-day average volume of 9.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 3, 2023.
(END) Dow Jones Newswires
March 03, 2023 16:48 ET (21:48 GMT)
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