Salesforce Inc’s filing revealed that its President and CLO Niles Sabastian unloaded Company’s shares for reported $0.19 million on Nov 26 ’24. In the deal valued at $341.98 per share,548 shares were sold. As a result of this transaction, Niles Sabastian now holds 1,011 shares worth roughly $0.35 million.
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Then, SABASTIAN NILES bought 548 shares, generating $187,405 in total proceeds.
Before that, Milano Miguel sold 719 shares. Salesforce Inc shares valued at $246,481 were divested by the President and CRO at a price of $342.81 per share. As a result of the transaction, Milano Miguel now holds 4,659 shares, worth roughly $1.63 million.
BMO Capital Markets reiterated its Salesforce Inc [CRM] rating to an Outperform in a research note published on December 04, 2024; the price target was $425. A number of analysts have revised their coverage, including Scotiabank’s analysts, who began to cover the stock in mid November with a ‘”a Sector outperform”‘ rating. BMO Capital Markets also remained covering CRM and reiterated its “an Outperform” recommendation on November 15, 2024. Northland Capital revised its rating on October 02, 2024. It rated CRM as “an Outperform” which previously was an “a Market perform”.
Price Performance Review of CRM
On Tuesday, Salesforce Inc [NYSE:CRM] saw its stock fall -0.78% to $348.82. Over the last five days, the stock has gained 5.25%. Salesforce Inc shares have risen nearly 32.56% since the year began. Nevertheless, the stocks have risen 39.08% over the past one year. While a 52-week high of $369.00 was reached on 12/04/24, a 52-week low of $212.00 was recorded on 05/30/24. SMA at 50 days reached $311.90, while 200 days put it at $279.25.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 345.67, which if violated will result in even more drops to 342.52. On the upside, there is a resistance level at 353.73. A further resistance level may holdings at 358.64. The Relative Strength Index (RSI) on the 14-day chart is 60.18, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 11.28, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 42.95%. Stochastics %K at 70.31% 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 2024-11-15, growing by 0.37 million shares to a total of 13.52 million shares. Yahoo Finance data shows the prior-month short interest on 2024-10-15 was 13.14 million shares. There was a rise of 2.77%, which implies that there is a positive sentiment for the stock.
