Salesforce stock’s Friday roller-coaster ride
In the investment world, Salesforce.com had an, um, exciting Friday and early on appeared to have snapped its recent two-week slump. On Friday, Salesforce.com stock was reported as “breaking out on increased volume and is attempting to rebound.”
Alas, it wasn’t meant to be. By 10am, Marc Benioff’s company had prices up to $46.60 after starting at $45.57 and dipping to $45.53. The peak came rapidly thereafter, with Salesforce.com fetching $47.14 before falling back down to … $45.59, a mere 0.26 percent increase on the day, despite the heavy trading.