Still, much of the damage was mitigated, with CRM stock trading near $246 on June 24. It’s difficult to sustain a vertical price move, though, so Salesforce stock was destined to cough up much of its gains.Ī virtual roller coaster ride ensued throughout the remainder of 2020 and into the first half of 2021. By early September, CRM stock reached a 52-week high of $284.50. ![]() The stock staged an impressive turnaround, however. ![]() In March of 2020, during the onset of the Covid-19 pandemic, CRM stock slid all the way down to the $130’s. Moreover, Salesforce’s imminent acquisition of a notable workplace communication tool will add even more shareholder value. CRM stock fits into that category, as cloud-based customer relationship management is an essential niche market as more businesses choose to digitize and automate. Sometimes, stocks are expensive because they’re making all the right moves and therefore have earned their share prices. Salesforce ( CRM) stock isn’t low in price, but that doesn’t mean it’s not a great value. ![]() An old Warren Buffett quote said that price is what you pay, but value it what you get.
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