In a filing, Salesforce Inc revealed 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 $1.64 million.
KeyBanc Capital Markets upgraded its Salesforce Inc [CRM] rating to an Overweight from a a Sector weight in a research note published recently. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in mid December with a ‘”a Neutral”‘ rating. BMO Capital Markets also remained covering CRM and reiterated its “an Outperform” recommendation on December 04, 2024. Scotiabank started covering the stock on November 19, 2024. It rated CRM as “a Sector outperform”.
Price Performance Review of CRM
On Tuesday, Salesforce Inc [NYSE:CRM] saw its stock fall -1.75% to $350.97. Over the last five days, the stock has gained 0.62%. Salesforce Inc shares have risen nearly 33.38% since the year began. Nevertheless, the stocks have risen 34.16% 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 $319.33, while 200 days put it at $280.43.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 347.64, which if violated will result in even more drops to 344.32. On the upside, there is a resistance level at 355.76. A further resistance level may holdings at 360.56. The Relative Strength Index (RSI) on the 14-day chart is 57.90, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at 4.92, which suggests price will go up in the next trading period. Percent R suggests that price movement has been low at 39.76%. Stochastics %K at 67.30% 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.
The most recent change occurred on November 15, 2024 when BMO Capital Markets resumed its ‘”an Outperform”‘ rating for the stock and retained the price target to $385.
