Salesforce Inc. Stock Rises Tuesday, Outperforms Market
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Shares of Salesforce Inc. (CRM) inched 0.60% higher to $204.56 Tuesday, on what proved to be an all-around dismal trading session for the stock market, with the S&P 500 Index falling 0.64% to 4,109.90 and Dow Jones Industrial Average falling 1.01% to 33,012.14.
This was the stock's second consecutive day of gains.
Salesforce Inc. closed $1.72 below its 52-week high ($206.28), which the company reached on May 10th.
The stock underperformed when compared to some of its competitors Tuesday, as Microsoft Corp. (MSFT) rose 0.74% to $311.74, Alphabet Inc. Cl C (GOOGL) rose 2.68% to $120.09, and Alphabet Inc. Cl A (GOOGL) rose 2.57% to $119.51.
Trading volume (4.3 M) remained 1.8 million below its 50-day average volume of 6.1 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 16, 2023.
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May 16, 2023 16:48 ET (20:48 GMT)
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