SalesForce – Salesforce.com Inc. stock underperforms Thursday when compared to competitors despite daily gains
Shares of Salesforce.com Inc.
advanced 1.23% to $218.05 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index
rising 0.82% to 4,201.62 and the Dow Jones Industrial Average
rising 0.93% to 34,548.53. The stock’s rise snapped a five-day losing streak. Salesforce.com Inc. closed $66.45 below 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.
rose 1.32% to $249.73, Adobe Inc.
fell 0.63% to $483.61, and SAP SE ADR
rose 2.55% to $141.67. Trading volume (5.1 M) remained 1.4 million below its 50-day average volume of 6.5 M.