Salesforce Inc. Stock Rises Thursday, Still Underperforms Market
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Shares of Salesforce Inc. (CRM) inched 0.41% higher to $209.91 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the S&P 500 Index rising 0.88% to 4,151.28 and the Dow Jones Industrial Average falling 0.11% to 32,764.65.
This was the stock's second consecutive day of gains.
Salesforce Inc. closed $3.97 short of its 52-week high ($213.88), which the company reached on May 18th.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 3.85% to $325.92, Alphabet Inc. Cl C (GOOGL) rose 2.23% to $124.35, and Alphabet Inc. Cl A (GOOGL) rose 2.13% to $123.48.
Trading volume (5.9 M) eclipsed its 50-day average volume of 5.5 M.
Data source: Dow Jones Market Data, FactSet. Data compiled May 25, 2023.
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May 25, 2023 16:48 ET (20:48 GMT)
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