Salesforce Inc. Stock Underperforms Friday When Compared To Competitors
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Shares of Salesforce Inc. (CRM) slid 1.39% to $210.36 Friday, on what proved to be an all-around poor trading session for the stock market, with the S&P 500 Index falling 0.14% to 4,191.98 and Dow Jones Industrial Average falling 0.33% to 33,426.63.
The stock's fall snapped a four-day winning streak.
Salesforce Inc. closed $3.52 short of its 52-week high ($213.88), which the company achieved on May 18th.
The stock underperformed when compared to some of its competitors Friday, as Microsoft Corp. (MSFT) fell 0.06% to $318.34, Alphabet Inc. Cl C (GOOGL) fell 0.22% to $123.25, and Alphabet Inc. Cl A (GOOGL) fell 0.06% to $122.76.
Trading volume (6.1 M) eclipsed its 50-day average volume of 5.9 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 19, 2023.
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May 19, 2023 16:47 ET (20:47 GMT)
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