Tiger Brokers

Salesforce Inc. Stock Rallies 22.6%, Outperforms Peers

Dow Jones
Aug 28

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

Shares of Salesforce Inc. sailed 22.6% to $252.05 on what proved to be an all-around positive trading session for the stock market, with the S&P 500 Index rising 0.7% to 7,730.99 and the Dow Jones Industrial Average rising 0.2% to 53,569.44.

The stock's rise snapped a three-day losing streak.

Salesforce Inc. closed 6.3% below its 52-week high of $269.11, which the company achieved on December 29th.

The stock outperformed some of its peers, as Microsoft Corp. rose 1.8% to $505.06, Alphabet Inc. Cl C fell 0.4% to $337.71, and Alphabet Inc. Cl A fell 0.39% to $340.65.

Trading volume totaled 55.3 million, compared to the 50-day average of 14.1 million.

Data source: Dow Jones Market Data, FactSet

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