SalesForce – Salesforce.com Inc. stock rises Monday, still underperforms market
Shares of Salesforce.com Inc.
inched 0.48% higher to $217.54 Monday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 2.38% to 3,901.82 and the Dow Jones Industrial Average
rising 1.95% to 31,535.51. The stock’s rise snapped a two-day losing streak. Salesforce.com Inc. closed $66.96 below its 52-week high ($284.50), which the company reached on September 2nd.
The stock underperformed when compared to some of its competitors Monday, as Microsoft Corp.
rose 1.96% to $236.94, Adobe Inc.
rose 2.15% to $469.57, and SAP SE ADR
rose 0.87% to $124.42. Trading volume (13.9 M) eclipsed its 50-day average volume of 7.4 M.