Salesforce Inc. Stock Falls Wednesday, Underperforms Market
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Shares of Salesforce Inc. (CRM) sank 0.20% to $182.95 Wednesday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.14% to 3,992.01 and the Dow Jones Industrial Average falling 0.18% to 32,798.40. This was the stock's fourth consecutive day of losses. Salesforce Inc. closed $39.21 short of its 52-week high ($222.16), which the company achieved on March 29th.
The stock underperformed when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 0.18% to $253.70, Alphabet Inc. Cl C (GOOGL) rose 0.51% to $94.65, and Alphabet Inc. Cl A (GOOGL) rose 0.42% to $94.25. Trading volume (6.7 M) remained 2.7 million below its 50-day average volume of 9.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 8, 2023.
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March 08, 2023 16:47 ET (21:47 GMT)
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