Salesforce Inc. Stock Falls Wednesday, Still Outperforms Market
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Shares of Salesforce Inc. (CRM) shed 1.15% to $186.51 Wednesday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 1.65% to 3,936.97 and Dow Jones Industrial Average falling 1.63% to 32,030.11. The stock's fall snapped a two-day winning streak. Salesforce Inc. closed $35.65 below its 52-week high ($222.16), which the company reached on March 29th.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp. (MSFT) fell 0.54% to $272.29, Alphabet Inc. Cl C (GOOGL) fell 1.53% to $104.22, and Alphabet Inc. Cl A (GOOGL) fell 1.48% to $103.37. Trading volume (6.6 M) remained 2.9 million below its 50-day average volume of 9.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled March 22, 2023.
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March 22, 2023 16:48 ET (20:48 GMT)
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