Salesforce Inc. Stock Falls Friday, Underperforms Market
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Shares of Salesforce Inc. (CRM) slipped 1.31% to $184.85 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index falling 1.10% to 3,916.64 and Dow Jones Industrial Average falling 1.19% to 31,861.98. The stock's fall snapped a four-day winning streak. Salesforce Inc. closed $37.31 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 Friday, as Microsoft Corp. (MSFT) rose 1.17% to $279.43, Alphabet Inc. Cl C (GOOGL) rose 1.38% to $102.46, and Alphabet Inc. Cl A (GOOGL) rose 1.30% to $101.62. Trading volume (10.2 M) eclipsed its 50-day average volume of 9.6 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 17, 2023.
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March 17, 2023 16:47 ET (20:47 GMT)
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