30.11.2022 23:01:21

Why Salesforce Stock Was a Winner on Wednesday

Broadly speaking, what's good for the retail industry is good for customer relationship management (CRM) king Salesforce (NYSE: CRM). On the back of some very encouraging data from the top tech shopping holiday, investors pushed the company's share price almost 6% higher on the day, nearly double the percentage gain of the S&P 500 index.According to Salesforce's internal research, Cyber Week -- i.e., the days including and following Cyber Monday -- brought in online sales of $281 billion for retailers globally.This set a new all-time record and was 2% higher than the same period last year. The figures for Salesforce's home market of the U.S. were more encouraging; these rose by 9% to $68 billion.  Continue reading
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