Salesforce Inc. Stock Falls Tuesday, Underperforms Market
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Shares of Salesforce Inc. (CRM) slipped 1.72% to $206.64 Tuesday, on what proved to be an all-around rough trading session for the stock market, with the S&P 500 Index falling 1.12% to 4,145.58 and Dow Jones Industrial Average falling 0.69% to 33,055.51.
This was the stock's third consecutive day of losses.
Salesforce Inc. closed $7.24 short of its 52-week high ($213.88), which the company achieved on May 18th.
Despite its losses, the stock outperformed some of its competitors Tuesday, as Microsoft Corp. (MSFT) fell 1.84% to $315.26, Alphabet Inc. Cl C (GOOGL) fell 2.05% to $123.29, and Alphabet Inc. Cl A (GOOGL) fell 1.99% to $122.56.
Trading volume (4.2 M) remained 1.4 million below its 50-day average volume of 5.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 23, 2023.
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May 23, 2023 16:48 ET (20:48 GMT)
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