Salesforce Inc’s recently made public that its Co-Founder and CTO, Slack Harris Parker unloaded Company’s shares for reported $1.18 million on Nov 05 ’24. In the deal valued at $296.74 per share,3,970 shares were sold. As a result of this transaction, Harris Parker now holds 119,402 shares worth roughly $40.73 million.
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Then, Reddy Sundeep G. sold 500 shares, generating $145,115 in total proceeds. Upon selling the shares at $290.23, the EVP & Chief Accounting Officer now owns 6,506 shares.
Before that, SUNDEEP REDDY bought 500 shares. Salesforce Inc shares valued at $145,115 were divested by the Officer at a price of $290.23 per share.
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 Tuesday, Salesforce Inc [NYSE:CRM] saw its stock fall -0.17% to $341.15. Over the last five days, the stock has gained 14.68%. Salesforce Inc shares have risen nearly 29.65% since the year began. Nevertheless, the stocks have risen 59.69% over the past one year. While a 52-week high of $344.88 was reached on 11/12/24, a 52-week low of $211.76 was recorded on 05/30/24. SMA at 50 days reached $281.40, while 200 days put it at $274.43.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 336.82, which if violated will result in even more drops to 332.49. On the upside, there is a resistance level at 347.17. A further resistance level may holdings at 353.19. The Relative Strength Index (RSI) on the 14-day chart is 82.69, which indicates overbought technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 29.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 12.11%. Stochastics %K at 93.56% 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 2024-10-15, 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 .
