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Salesforce.com Inc. Stock Underperforms Thursday When Compared To Competitors Despite Daily Gains

DowjonesNews MarketWatch · Oct 14, 2021 16:46

This article was automatically generated by MarketWatch using technology from Automated Insights.

Shares of Salesforce.com Inc. (CRM) rose 1.97% to $290.02 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index rising 1.71% to 4,438.26 and the Dow Jones Industrial Average rising 1.56% to 34,912.56. This was the stock's fourth consecutive day of gains. Salesforce.com Inc. hit a new 52-week high, surpassing its previous peak of $286.36, which the company reached on September 24th.

The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. (MSFT) rose 2.17% to $302.75, Adobe Inc. (ADBE) rose 2.77% to $607.51, and SAP SE ADR (SAP.XE) rose 2.39% to $145.04. Trading volume (5.3 M) remained 617,839 below its 50-day average volume of 5.9 M.

Data source: Dow Jones Market Data, FactSet. Data compiled October 14, 2021.

-MarketWatch Automation

Disclaimer: This content is for informational and educational purposes only and does not constitute a recommendation or endorsement of any specific investment or investment strategy. Read more

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