Salesforce Inc’s filing revealed that its EVP & Chief Accounting Officer Reddy Sundeep G. unloaded Company’s shares for reported $0.15 million on Nov 01 ’24. In the deal valued at $290.23 per share,500 shares were sold. As a result of this transaction, Reddy Sundeep G. now holds 6,506 shares worth roughly $1.94 million.
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Then, SUNDEEP REDDY bought 500 shares, generating $145,115 in total proceeds.
Before that, Millham Brian sold 60,522 shares. Salesforce Inc shares valued at $18,156,600 were divested by the President and COO at a price of $300.00 per share. As a result of the transaction, Millham Brian now holds 0 shares, worth roughly $0.0.
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 jump 1.12% to $298.01. Over the last five days, the stock has gained 1.44%. Salesforce Inc shares have risen nearly 13.25% since the year began. Nevertheless, the stocks have risen 43.20% over the past one year. While a 52-week high of $318.71 was reached on 03/01/24, a 52-week low of $204.69 was recorded on 05/30/24. SMA at 50 days reached $273.93, while 200 days put it at $273.23.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 293.89, which if violated will result in even more drops to 289.78. On the upside, there is a resistance level at 301.15. A further resistance level may holdings at 304.30. The Relative Strength Index (RSI) on the 14-day chart is 63.16, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 2.60, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 14.38%. Stochastics %K at 67.21% indicates the stock is a holding.
How much short interest is there in Salesforce Inc?
A steep rise in short interest was recorded in Salesforce Inc stocks on 2024-10-15, dropping by -0.99 million shares to a total of 13.14 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-13 was 14.13 million shares. There was a decline of -7.54%, which implies that there is a negative 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 .
