Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why Salesforce Stock Fell 15% in August

TheMotleyFool

0 0

Why Salesforce Stock Fell 15% in August: https://g.foolcdn.com/editorial/images/699755/cloud-computing-data-storage.jpg

Shares of Salesforce (NYSE: CRM), a cloud-computing veteran, were pulling back last month after the company cut its guidance in its second-quarter earnings report. Broader macroeconomic pressure also seemed to weigh on the stock in the second half of the month, and shares finished down 15% according to data from S&P Global Market Intelligence.

As you can see from the chart below, Salesforce mostly tracked with the S&P 500 through the first half of the month but diverged on the earnings-driven sell-off on Aug. 25.