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Shares of Salesforce Inc. (CRM) rallied 2.36% to $209.38 Wednesday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index rising 1.19% to 4,158.77 and the Dow Jones Industrial Average rising 1.24% to 33,420.77.
This was the stock's third consecutive day of gains.
Salesforce Inc. hit a new 52-week high, surpassing its previous peak of $206.28, which the company achieved on May 10th.
The stock outperformed some of its competitors Wednesday, as Microsoft Corp. (MSFT) rose 0.95% to $314.00, Alphabet Inc. Cl C (GOOGL) rose 1.16% to $121.48, and Alphabet Inc. Cl A (GOOGL) rose 1.11% to $120.84.
Trading volume (5.8 M) remained 211,026 below its 50-day average volume of 6.0 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 17, 2023.
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May 17, 2023 16:48 ET (20:48 GMT)
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