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Salesforce.com Inc. stock underperforms Thursday when compared to competitors despite daily gains

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Terrence Horan

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Shares of Salesforce.com Inc. CRM, -0.77% rose 1.97% to $290.02 Thursday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX, +0.37% rising 1.71% to 4,438.26 and the Dow Jones Industrial Average DJIA, +0.43% rising 1.56% to 34,912.56. This was the stock's fourth consecutive day of gains. Salesforce.com Inc. hit a new 52-week high, surpassing its previous peak of $286.36, which the company reached on September 24th.

The stock underperformed when compared to some of its competitors Thursday, as Microsoft Corp. MSFT, -0.27% rose 2.17% to $302.75, Adobe Inc. ADBE, -0.58% rose 2.77% to $607.51, and SAP SE ADR SAP, -0.53% rose 2.39% to $145.04. Trading volume (5.3 M) remained 617,839 below its 50-day average volume of 5.9 M.

Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use.