Salesforce Inc. Stock Falls Thursday, Underperforms Market
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Shares of Salesforce Inc. (CRM) shed 2.31% to $178.72 Thursday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.85% to 3,918.32 and Dow Jones Industrial Average falling 1.66% to 32,254.86. This was the stock's fifth consecutive day of losses. Salesforce Inc. closed $43.44 short of its 52-week high ($222.16), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) fell 0.54% to $252.32, Alphabet Inc. Cl C (GOOGL) fell 2.10% to $92.66, and Alphabet Inc. Cl A (GOOGL) fell 2.05% to $92.32. Trading volume (7.1 M) remained 2.3 million below its 50-day average volume of 9.3 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 9, 2023.
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March 09, 2023 16:47 ET (21:47 GMT)
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