Despite Good News, Salesforce.com (CRM) Follows Market Down
By Daniel James Hayden IV
February 25, 2010 5:27 PM
February 25, 2010 5:27 PM
Symbols: CRM
Shares of Salesforce.com, inc. (NYSE: CRM) followed the market down today, despite the company recently beating Wall Street expectations and having its price target raised by an analyst today.
Shares of Salesforce.com were down nearly 3% in afternoon trading, before closing down 2% for the day.
Earlier in the day, Thomas Weisel analysts Tom Roderick and Gur Talpaz reiterated their Overweight rating for the stock and raised their price target from $70 to $77.
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