Since being replaced in the Dow Jones Industrial Average by Salesforce on August 31st, 2020, Exxon Mobil has significantly outperformed Salesforce. Exxon Mobil's stock has surged by 170% to 237%, while Salesforce's stock has declined by 18% to 21%. The announcement to replace Exxon Mobil, which had been part of the Dow for over 90 years, with Salesforce has led to a stark contrast in performance between the two companies.
Index providers often make decisions at the worst times in a cycle... This is $CRM vs $XOM performance since August 24th, 2020 when the swap out of the Dow Jones Industrial Average was announced 👀 https://t.co/dHBCO93nYL
"Here are the returns since they decided to kick Exxon Mobil out of the Dow Jones Industrial Average, where it had been for over 90 years, to replace them with Salesforce back in August of 2020." $XOM $CRM @allstarcharts https://t.co/Tkona0YN3i
On August 31st 2020, Salesforce replaced Exxon Mobil in the Dow Jones Industrial Average. Since then: $CRM 🔴 -19% $XOM 🟢 +192% https://t.co/SYeQ41ZgTG
Salesforce replaced Exxon Mobil in the Dow Jones back in August 2020 Since being replaced Exxon $XOM is up nearly 170% since the August 24, 2020 announcement of its exit from the Dow, while Salesforce $CRM has gained just 4% over the same period - CNBC
Exxon trouncing Salesforce since software stock replaced oil giant in the Dow four years ago https://t.co/wEbkV0KG6D
August 2020 Exxon Mobil removed from the Dow August 2020 Salesforce added to the Dow Since then: • Salesforce: -21% • ExxonMobil: +180%
Here's how Energy and Tech have done since $CRM was added to the Dow after $XOM got kicked out. Do you think these trends persist? Or are you betting that all of a sudden these trends change? https://t.co/TRw4wirmmo https://t.co/IktJ3DwtWE
Since the DJIA Switch CRM -18% XOM +237% https://t.co/ZxGfR4uF66