Salesforce Shares Plunge Amid Technical Breakdown and Growth Concerns

Thursday’s trading session delivered a severe blow to Salesforce investors as the stock plummeted 5.3% in a single day. Trading volume surged to 41% above average levels, reflecting intense selling pressure. At its lowest point, shares touched $234.48 as nervous investors rapidly exited positions. This dramatic decline raises critical questions about the market’s fading confidence in the CRM leader and whether the selloff accurately reflects the company’s fundamental strength.

Despite the market’s negative reaction, Salesforce recently reported impressive quarterly results that would typically inspire investor confidence. The company’s second-quarter performance showed revenue climbing 10% to $10.2 billion, exceeding projections. Adjusted earnings per share reached $2.91, surpassing the $2.78 consensus estimate. Improving operating margins Read more...