Salesforce to remove ‘dot-com’ from its legal name
Salesforce.com Inc. announced Friday that it will change its legal name to Salesforce Inc., effective April 4. The customer relationship managemet software company said its stock will continue to trade on the NYSE under the ticker symbol “CRM.” The stock edged up 0.4% in premarket trading. It has tumbled 15.8% year to date through Thursday, while the SPDR S&P Software & Services ETF has dropped 11.0% and the Dow Jones Industrial Average has slipped 4.5%.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.