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Why Salesforce Stock Was Down Earlier This Morning

Why Salesforce Stock Was Down Earlier This Morning

Shares of Salesforce (NYSE: CRM) were trading down about 2.5% at the market open on Thursday following a downgrade by Baird analyst Rob Oliver. The analyst cited recent executive departures and a tough economic environment that could pressure sales in the near term. With companies focusing more on doing more with less to save money, Salesforce has felt the impact on its business.