Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Salesforce Inc shares valued at $277,677 were purchased by BRIAN MILLHAM on Oct 24 ’24. At $286.56 per share, BRIAN MILLHAM acquired 969 shares.
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Also, Tallapragada Srinivas sold 897 shares, netting a total of over 255,904 in proceeds. Following the sale of shares at $285.29 each, the insider now holds 24,863 shares.
Before that, SCHMAIER R DAVID had sold 889 shares from its account. In a trade valued at $253,622, the Pres. & Chief Product Officer traded Salesforce Inc shares for $285.29 each. Upon closing the transaction, the insider’s holdings decreased to 889 shares, worth approximately $5.81 million.
As published in a research note from Northland Capital on October 02, 2024, Salesforce Inc [CRM] has been rated up from a Market perform to an Outperform and the price target has been revised to $400. Analysts at Piper Sandler upgraded the stock from ‘”a Neutral”‘ to ‘”an Overweight”‘ outlook in a report released in late September. As of August 29, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for CRM. Earlier on May 30, 2024, Oppenheimer resumed its rating. Their recommendation was “an Outperform” for CRM stock.
Analyzing CRM Stock Performance
During the last five days, there has been a drop of approximately -1.49%. Over the course of the year, Salesforce Inc shares have jumped approximately 8.98%. Shares of the company reached a 52-week high of $318.71 on 03/01/24 and a 52-week low of $212.00 on 05/30/24. A 50-day SMA is recorded $269.39, while a 200-day SMA reached $272.43. Nevertheless, trading volume fell to 3.21 million shares from 3.23 million shares the previous day.
Support And Resistance Levels for Salesforce Inc (CRM)
According to the 24-hour chart, there is a support level at 284.99, which, if violated, would cause prices to drop to 283.22. In the upper region, resistance lies at 288.72. The next price resistance is at 290.68. RSI (Relative Strength Index) is 57.32 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -2.64, which suggests the price will decrease in the coming days. Percent R is at 65.74%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
