Why Salesforce Stock Is Soaring This Week
This cloud computing stock is taking an even bigger bite out of the dog days of summer.
Overview
Heating up in August, shares of Salesforce (NYSE: CRM) had rocketed 13.7% higher from the end of July through the close of trading last Friday. And the upward trend seems likely to extend through this week, with the cloud computing company reporting strong financial results and guidance yesterday.
According to data provided by S&P Global Market Intelligence, shares of Salesforce are up 19.6% from the close of last Friday's market session through 2:35 p.m. ET today.
Image source: Getty Images.
Details
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.