close
close

Salesforce shares fall, hurt by Nasdaq — TradingView News

Key points:

  • Salesforce shares fall nearly 20% after earnings
  • Salesforce.Com ETP Securities 3x Leveraged Shares Trading Price Hits $223.2

Shares of Salesforce have recently seen a significant drop of nearly 20% after earnings. That drop also weighed on the Nasdaq, sending it down more than 1 percent. On May 30, 2024, the trading price for Salesforce Inc (CRM) 3x Salesforce.Com ETP Securities leveraged shares reached $223.2. This is a 17.83% decrease from the previous closing price of $271.62. This triggered an intraday rebalancing of the index and ETP securities.

Over the next two days, Salesforce stock fell further to $218.07. This drop came after Salesforce’s quarterly earnings report on May 29. Despite the decline, Salesforce reported a free cash flow margin of 66.3% and is on track for 31.8% for the year.