Salesforce Inc. Stock Falls Thursday, Underperforms Market
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Shares of Salesforce Inc. (CRM) slipped 4.69% to $212.90 Thursday, on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.99% to 4,221.02 and the Dow Jones Industrial Average rising 0.47% to 33,061.57.
The stock's fall snapped a five-day winning streak.
Salesforce Inc. closed $12.10 below its 52-week high ($225.00), which the company reached on May 31st.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 1.28% to $332.58, Alphabet Inc. Cl C (GOOGL) rose 0.81% to $124.37, and Alphabet Inc. Cl A (GOOGL) rose 0.69% to $123.72.
Trading volume (20.8 M) eclipsed its 50-day average volume of 5.7 M.
Data source: Dow Jones Market Data, FactSet. Data compiled June 1, 2023.
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June 01, 2023 16:48 ET (20:48 GMT)
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