SAN FRANCISCO, CA – Shares of cloud software giant Salesforce Inc (NYSE: CRM) were hit with intense and sustained selling pressure on Thursday, culminating in a significant drop of over 3% and a close at the day’s absolute low.
Salesforce ended the bruising session at
8.51 (3.19%). The stock was in retreat for the entire trading day. After opening at
258.00** just before the closing bell.
After-hours trading offered no relief for shareholders, with the stock moving a negligible +
258.41**, indicating a complete lack of buying interest to counter the day’s heavy losses.
Analysis and Outlook for Monday:
The trading action for Salesforce on Thursday painted a clear and concerning picture for investors. The relentless, day-long decline, combined with the stock closing at its lowest point, is a powerful bearish signal. This pattern suggests that sellers were in complete control and that bearish sentiment has firmly taken hold.
Critically, the absence of any meaningful rebound in the after-hours session implies that investors are not yet seeing this lower price as a buying opportunity. Therefore, the outlook for Salesforce heading into Monday’s market open is decidedly bearish.
The stock is likely to face continued downward pressure when trading resumes. Investors will be watching to see if a new, lower level of support can be established, or if the negative momentum from Thursday will carry over and push the stock further down at the start of the week.
