Salesforce Inc. Stock Outperforms Market On Strong Trading Day
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Shares of Salesforce Inc. (CRM) rallied 1.88% to $213.32 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 0.94% to 4,198.05 and the Dow Jones Industrial Average rising 0.34% to 33,535.91.
This was the stock's fourth consecutive day of gains.
Salesforce Inc. hit a new 52-week high, surpassing its previous peak of $209.49, which the company reached on May 17th.
The stock outperformed some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 1.44% to $318.52, Alphabet Inc. Cl C (GOOGL) rose 1.68% to $123.52, and Alphabet Inc. Cl A (GOOGL) rose 1.65% to $122.83.
Trading volume (5.1 M) remained 767,490 below its 50-day average volume of 5.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 18, 2023.
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May 18, 2023 16:48 ET (20:48 GMT)
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