Salesforce gains 2.63%, closes at $215.44 ahead of the quarterly earnings report set for Wednesday

Published: May 26 2023, 22:01 GMT+0

Salesforce gains 2.63%, closes at $215.44 ahead of the quarterly earnings report set for Wednesday

Today at a glance: Salesforce ended yesterday's session at $209.91. today started with an increase to $216.15, but dropped back and closed at $215.44.

  • Daily trading volume (6.19 million shares) was slightly greater than the current multiday average of 4.90 million.

With traders awaiting session open in 3 days, today's session was noteworthy in that Dow Jones rises 1% before ending the session at 33,100. S&P 500 built upon its previous close around 4,151.28 to gain 1.3%, before closing the session at 4,205.45. Salesforce went up today and similar gains were seen throughout the Technology sector (up 0.534%).

Salesforce is scheduled to announce earnings results Wednesday. The consensus EPS estimate is 1.61 and the consensus revenue estimate is $8.18 billion.

The customer relationship management company now trading 29.41% above its 3-month low of $128.27. So far this year, it has been beating the Dow by 56.87%. Salesforce's market cap is currently $210.92 billion with an average daily volume of 4.90 million shares.

This rally in Salesforce's share price coincided with other technology stocks as Intel was up 5.84%. Qualcomm gained 6.09%, as it traded at $110.35. Accenture plc Class A (Ireland) traded at $303.6 after closing today's trading day at $291.76 (up 4.06%).

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