Salesforce stock price slides while software ETF climbs; investors look to Tuesday’s Morgan Stanley talk
Salesforce shares fell 1.1% to $192.60 Monday afternoon, trailing a 1.5% gain in the iShares Expanded Tech-Software ETF. The drop followed last week’s revenue guidance that missed Wall Street targets and a $50 billion buyback announcement. Investors weighed new partner-program changes and Salesforce’s push into AI agents. Executives are set to speak at a Morgan Stanley conference Tuesday.