Salesforce Inc. Stock Underperforms Monday When Compared To Competitors
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Shares of Salesforce Inc. (CRM) slipped 1.41% to $183.80 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 0.07% to 4,048.42 and the Dow Jones Industrial Average rising 0.12% to 33,431.44. This was the stock's second consecutive day of losses. Salesforce Inc. closed $38.36 below its 52-week high ($222.16), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp. (MSFT) rose 0.62% to $256.87, Alphabet Inc. Cl C (GOOGL) rose 1.66% to $95.58, and Alphabet Inc. Cl A (GOOGL) rose 1.58% to $95.13. Trading volume (10.8 M) eclipsed its 50-day average volume of 9.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 6, 2023.
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March 06, 2023 16:47 ET (21:47 GMT)
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