SalesForce – Salesforce.com Inc. stock outperforms competitors despite losses on the day
Shares of Salesforce.com Inc.
shed 1.71% to $209.48 Thursday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index
falling 1.48% to 3,915.46 and Dow Jones Industrial Average
falling 0.46% to 32,862.30. This was the stock’s second consecutive day of losses. Salesforce.com Inc. closed $75.02 short of its 52-week high ($284.50), which the company achieved on September 2nd.
The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Microsoft Corp.
fell 2.67% to $230.72, Adobe Inc.
fell 2.62% to $439.18, and SAP SE ADR
fell 1.48% to $121.79. Trading volume (5.5 M) remained 2.1 million below its 50-day average volume of 7.6 M.