CRM is trading at $176.68 (-6.91%) amid a software sector sell-off triggered by weak ServiceNow earnings, where executives cited Middle East conflicts as a primary factor delaying enterprise deals.
- The decline follows a 5.20% drop in after-hours trading on April 22, with CRM continuing lower at the April 23 open alongside peers like ServiceNow (−13%) and IBM (−7%).
- There is no company-specific news for CRM; the price action reflects broader sector pressure as geopolitical tensions and macroeconomic uncertainty stall software contract signings.