Salesforce Inc’s filing revealed 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 $38.62 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.
Scotiabank initiated its Salesforce Inc [CRM] rating to a Sector outperform in a research note published on November 19, 2024; the price target was $425. A number of analysts have revised their coverage, including BMO Capital Markets’s analysts, who remained covering the stock and in mid November has reiterated a ‘”an Outperform”‘ rating for it. Northland Capital also remained covering CRM and has increased its forecast on October 02, 2024 with a “an Outperform” recommendation from previously “Market perform” rating. Piper Sandler revised its rating on September 24, 2024. It rated CRM as “an Overweight” which previously was an “a Neutral”.
Price Performance Review of CRM
On Tuesday, Salesforce Inc [NYSE:CRM] saw its stock jump 0.37% to $323.43. Over the last five days, the stock has lost -5.19%. Salesforce Inc shares have risen nearly 22.91% since the year began. Nevertheless, the stocks have risen 46.20% over the past one year. While a 52-week high of $348.86 was reached on 11/12/24, a 52-week low of $212.00 was recorded on 05/30/24. SMA at 50 days reached $289.69, while 200 days put it at $275.52.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 318.05, which if violated will result in even more drops to 312.68. On the upside, there is a resistance level at 326.75. A further resistance level may holdings at 330.08. The Relative Strength Index (RSI) on the 14-day chart is 62.45, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 5.90, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.88%. Stochastics %K at 57.49% 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 2024-10-31, dropping by -2.78 million shares to a total of 13.15 million shares. Yahoo Finance data shows the prior-month short interest on 2024-09-30 was 15.94 million shares. There was a decline of -21.16%, which implies that there is a negative sentiment for the stock.
The most recent change occurred on August 29, 2024 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $305.
