Salesforce Inc. Stock Falls Friday, Underperforms Market
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Shares of Salesforce Inc. (CRM) slipped 3.10% to $173.18 Friday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 1.45% to 3,861.59 and Dow Jones Industrial Average falling 1.07% to 31,909.64. This was the stock's sixth consecutive day of losses. Salesforce Inc. closed $48.98 below its 52-week high ($222.16), which the company reached on March 29th.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) fell 1.48% to $248.59, Alphabet Inc. Cl C (GOOGL) fell 1.78% to $91.01, and Alphabet Inc. Cl A (GOOGL) fell 1.83% to $90.63. Trading volume (14.1 M) eclipsed its 50-day average volume of 9.4 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 10, 2023.
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March 10, 2023 16:47 ET (21:47 GMT)
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