SalesForce – Salesforce.com Inc. stock falls Wednesday, underperforms market
Shares of Salesforce.com Inc.
shed 3.50% to $206.00 Wednesday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
falling 1.31% to 3,819.72 and Dow Jones Industrial Average
falling 0.39% to 31,270.09. This was the stock’s second consecutive day of losses. Salesforce.com Inc. closed $78.50 short of its 52-week high ($284.50), which the company reached on September 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Wednesday, as Microsoft Corp.
fell 2.70% to $227.56, Adobe Inc.
fell 3.89% to $448.45, and SAP SE ADR
fell 1.77% to $123.12. Trading volume (11.4 M) eclipsed its 50-day average volume of 7.5 M.