Salesforce.com Inc. stock falls Thursday, underperforms market
Shares of Salesforce.com Inc.
shed 2.00% to $237.58 Thursday, on what proved to be an all-around mixed trading session for the stock market, with the Dow Jones Industrial Average
rising 0.15% to 34,987.02 and the S&P 500 Index
falling 0.33% to 4,360.03. This was the stock’s second consecutive day of losses. Salesforce.com Inc. closed $46.92 below its 52-week high ($284.50), which the company reached on September 2nd.
The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp.
fell 0.52% to $281.03, Adobe Inc.
fell 0.44% to $606.17, and SAP SE ADR
fell 1.67% to $147.69. Trading volume (7.9 M) eclipsed its 50-day average volume of 5.8 M.