Why Is Salesforce Stock Falling on Friday?
Salesforce Inc. (CRM) stock trades lower Friday following a broader software sell-off and a credit downgrade from S&P Global Ratings.
Salesforce stock went down because two things happened. First, software companies are being sold off broadly. Second, a rating company lowered Salesforce's credit grade. When a company's credit grade drops, it means banks think it is riskier to lend to. Watch if other software companies drop too, and notice if Salesforce can improve its finances.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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