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Why Salesforce Stock Tumbled Today

On the back of a new, bearish analyst note, shares of the veteran business software developer lost nearly 4% of their value. To be fair to Salesforce, the new take on its stock by Jefferies prognosticator Brent Thill wasn't depressingly negative. Citing recent research, Thill wrote that Salesforce "faces another tough setup with our survey indicating demand softness from macro impact." Read More...

On the back of a new, bearish analyst note, shares of the veteran business software developer lost nearly 4% of their value. To be fair to Salesforce, the new take on its stock by Jefferies prognosticator Brent Thill wasn’t depressingly negative. Citing recent research, Thill wrote that Salesforce “faces another tough setup with our survey indicating demand softness from macro impact.”

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