Salesforce.com Comes Up Shy Of All Time High After Q1 Beat

Salesforce.com

shares are trading higher by $3.36 at $81.23 in Thursday's session. The catalyst for the rally to a new all time high is a Q1 beat of a penny along with a slight beat for revenues. Also, the company raised FY 2017 sales guidance. After a sharply higher open, it only rallied only another $0.22 to $82.48 before reversing course. That is just just shy of its all time high that was made in November at $82.90. The ensuing decline found support well ahead of the top of Thursday's range ($78.49), only reaching $80.15. In order to post a new all time closing high, it would need to close above $82.14.