Salesforce stock slides 2.59% for second straight day
Updated
Updated · MarketWatch · Apr 30
Salesforce stock slides 2.59% for second straight day
10 articles · Updated · MarketWatch · Apr 30
Shares closed at $176.53 on Thursday, even as the S&P 500 rose 1.02% to 7,209.01 and the Dow gained 1.62% to 49,652.14.
The stock finished 40.37% below its 52-week high of $296.05 reached on 14 May, while trading volume of 14.3 million topped its 50-day average of 13.8 million.
Against peers, Microsoft fell 3.93%, while Alphabet's Class C and Class A shares jumped about 10%, leaving Salesforce with mixed relative performance despite outperforming some rivals.
Will Salesforce's massive AI investments and acquisitions deliver on their promise, or are investors right to worry about long-term ROI and competitive threats?
How will Salesforce address growing concerns about data security and shadow AI as agentic AI becomes central to its platform?