Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Salesforce Inc shares valued at $187,405 were sold by Niles Sabastian on Nov 26 ’24. At $341.98 per share, Niles Sabastian sold 548 shares. The insider’s holdings dropped to 1,011 shares worth approximately $0.33 million following the completion of this transaction.
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Also, SABASTIAN NILES purchased 548 shares, netting a total of over 187,405 in proceeds.
Before that, Milano Miguel had sold 719 shares from its account. In a trade valued at $246,481, the President and CRO traded Salesforce Inc shares for $342.81 each. Upon closing the transaction, the insider’s holdings decreased to 719 shares, worth approximately $1.54 million.
As published in their initiating research note from Scotiabank on November 19, 2024, Salesforce Inc [CRM] has been a Sector outperform and the price target has been revised to $425. Analysts at BMO Capital Markets resumed the stock at ‘”an Outperform”‘ outlook in a report released in mid November. As of October 02, 2024, Northland Capital has increased its “Market perform” rating to a “an Outperform” for CRM. Earlier on September 24, 2024, Piper Sandler upgraded its rating. Their new recommendation was “an Overweight” for CRM stock which previously was a “a Neutral”.
Analyzing CRM Stock Performance
During the last five days, there has been a surge of approximately 1.32%. Over the course of the year, Salesforce Inc shares have jumped approximately 25.41%. Shares of the company reached a 52-week high of $348.86 on 11/12/24 and a 52-week low of $212.00 on 05/30/24. A 50-day SMA is recorded $299.57, while a 200-day SMA reached $276.96. Nevertheless, trading volume fell to 7.46 million shares from 4.49 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 326.80, which, if violated, would cause prices to drop to 323.59. In the upper region, resistance lies at 335.30. The next price resistance is at 340.59. RSI (Relative Strength Index) is 58.35 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.22, which suggests the price will increase in the coming days. Percent R is at 47.81%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
