Salesforce Stock Is Rising. An Activist Investor Boosts Its Stake.

Published 2 months ago Positive
Salesforce Stock Is Rising. An Activist Investor Boosts Its Stake.
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Salesforce stock was rising Friday after activist investor Starboard Value disclosed that it had boosted its stake in the enterprise software company by nearly 50%. Starboard, a New York-based hedge fund, bought more than 400,000 Salesforce Salesforce shares in the second quarter, according to a Securities and Exchange Commission filing. Salesforce stock was ticking up 1.3% to $236.40 in premarket trading Friday.

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