Salesforce Inc. shares recently rose by 3.67%, reducing its year-to-date loss to 16.74% and marking a one-year gain of 2.00%. The company's shares have seen a substantial decline of 25.17% since their peak, leading to a significant drop in market cap by $264 billion. Despite these challenges, Salesforce remains robust with 82.45% institutional ownership. The company recently announced an $8 billion acquisition of Informatica and is investing $1 billion in Singapore to enhance its AI capabilities, amidst a changing workforce landscape in the region.
Salesforce shares increased by 3.67% in the last month, with a year-to-date loss of 16.74% and a one-year gain of 2.00%.
Despite a significant decline from its all-time high, Salesforce has strong institutional ownership and optimistic analyst outlooks.
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