The four-day annual “dreamforce” conference for salesforce.com (CRM) kicks off today, and as the company has seen extraordinary growth over the years, dreamforce’s popularity has seen a commensurate rise. Heading into this year’s conference, the stock of CRM has been under pressure. After a disappointing earnings report on 8/31 and then rumors that the company was mulling a bid for Twitter (TWTR), shares of CRM have seen a decline of 11% since the end of August.
Conferences and other annual events can often serve as a springboard for a stock as companies tend to take an optimistic tone regarding their prospects. With that in mind, in today’s Chart of the Day, we looked to see how the stock of CRM has performed before, during, and after its annual dreamforce conference. See today’s Chart of the Day by starting a 14-day free trial to Bespoke’s premium research below.