Oracle, Salesforce hit 52-week lows as enterprise software stocks struggle for direction
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Enterprise software stocks were a mixed bag on Thursday, as both Salesforce (NYSE:CRM) and Oracle (NYSE:ORCL) hit a new 52-week low earlier in the session.
The Marc Benioff-led Salesforce (CRM) shares hit a low of $154.64 around 10 a.m. EST, but were recently changing hands at $161.68, up slightly less than 0.5%.

Oracle (ORCL) fell more than 1% to $69.99 after hitting a 52-week low of $69.80 earlier on Thursday.
Microsoft (MSFT) shares fell more than 2% to $254.90 on Thursday, nearing their 52-week low of $238.07.
Conversely, Adobe (ADBE), which has seen its shares fall more than 30% year-to-date, led software stocks with a 2% gain. IBM (IBM) also gained on Thursday, climbing more than 1% to $132.09.
Microsoft (MSFT) fell below the psychologically important $2 trillion market cap level earlier this week, as selling in mega-cap tech stocks continued amid fears of rising inflation and rising interest rates.