In a filing, Salesforce Inc revealed its Pres. & Chief Product Officer SCHMAIER R DAVID unloaded Company’s shares for reported $0.5 million on Oct 02 ’24. In the deal valued at $280.00 per share,1,785 shares were sold. As a result of this transaction, SCHMAIER R DAVID now holds 19,396 shares worth roughly $5.52 million.
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Then, Millham Brian sold 8,427 shares, generating $2,359,560 in total proceeds. Upon selling the shares at $280.00, the President and COO now owns 0 shares.
Before that, Harris Parker sold 4,200 shares. Salesforce Inc shares valued at $1,141,336 were divested by the Co-Founder and CTO, Slack at a price of $271.75 per share. As a result of the transaction, Harris Parker now holds 118,514 shares, worth roughly $33.73 million.
Northland Capital upgraded its Salesforce Inc [CRM] rating to an Outperform from a a Market perform in a research note published recently. A number of analysts have revised their coverage, including Piper Sandler’s analysts, who increased its forecast for the stock in late September from “a Neutral” to “an Overweight”. BMO Capital Markets also remained covering CRM and reiterated its “an Outperform” recommendation on August 29, 2024. Oppenheimer maintained its rating on May 30, 2024. It rated CRM as “an Outperform”.
Price Performance Review of CRM
On Monday, Salesforce Inc [NYSE:CRM] saw its stock fall -1.11% to $284.57. Over the last five days, the stock has gained 3.97%. Salesforce Inc shares have risen nearly 8.14% since the year began. Nevertheless, the stocks have risen 40.87% over the past one year. While a 52-week high of $318.71 was reached on 03/01/24, a 52-week low of $193.68 was recorded on 05/30/24. SMA at 50 days reached $259.17, while 200 days put it at $270.55.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 282.58, which if violated will result in even more drops to 280.58. On the upside, there is a resistance level at 287.37. A further resistance level may holdings at 290.16. The Relative Strength Index (RSI) on the 14-day chart is 68.36, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.29, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 9.67%. Stochastics %K at 95.48% indicates the stock is a selling.
How much short interest is there in Salesforce Inc?
A steep rise in short interest was recorded in Salesforce Inc stocks on 2024-09-13, growing by 0.16 million shares to a total of 14.13 million shares. Yahoo Finance data shows the prior-month short interest on 2024-08-15 was 13.97 million shares. There was a rise of 1.15%, which implies that there is a positive sentiment for the stock.
The most recent change occurred on March 21, 2024 when KeyBanc Capital Markets began covering the stock and recommended ‘”a Sector weight”‘ rating .
