Salesforce Inc’s filing revealed that its President and CRO Milano Miguel unloaded Company’s shares for reported $0.25 million on Nov 25 ’24. In the deal valued at $342.81 per share,719 shares were sold. As a result of this transaction, Milano Miguel now holds 4,659 shares worth roughly $1.58 million.
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Then, Niles Sabastian sold 931 shares, generating $319,156 in total proceeds. Upon selling the shares at $342.81, the President and CLO now owns 1,559 shares.
Before that, Millham Brian sold 14,808 shares. Salesforce Inc shares valued at $5,019,172 were divested by the President and COO at a price of $338.95 per share. As a result of the transaction, Millham Brian now holds 0 shares, worth roughly $0.0.
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 Monday, Salesforce Inc [NYSE:CRM] saw its stock fall -0.85% to $339.11. Over the last five days, the stock has gained 5.23%. Salesforce Inc shares have risen nearly 28.87% since the year began. Nevertheless, the stocks have risen 51.13% 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 $296.26, while 200 days put it at $276.44.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 335.65, which if violated will result in even more drops to 332.19. On the upside, there is a resistance level at 345.21. A further resistance level may holdings at 351.31. The Relative Strength Index (RSI) on the 14-day chart is 68.79, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 9.73, which suggests price will go up in the next trading period. Percent R suggests that price movement has been bullish at 21.29%. Stochastics %K at 80.90% 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 2024-10-31, 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.
