Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Salesforce Inc shares valued at $614,040 were sold by SCHMAIER R DAVID on Dec 26 ’24. At $344.00 per share, SCHMAIER R DAVID sold 1,785 shares. The insider’s holdings dropped to 19,116 shares worth approximately $6.39 million following the completion of this transaction.
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Also, Millham Brian sold 1,662 shares, netting a total of over 570,066 in proceeds. Following the sale of shares at $343.00 each, the insider now holds 0 shares.
Before that, Weaver Amy E had sold 6,221 shares from its account. In a trade valued at $2,133,803, the President and CFO traded Salesforce Inc shares for $343.00 each. Upon closing the transaction, the insider’s holdings decreased to 6,221 shares, worth approximately $18.01 million.
As published in a research note from KeyBanc Capital Markets on December 13, 2024, Salesforce Inc [CRM] has been rated up from a Sector weight to an Overweight and the price target has been revised to $440. Analysts at Macquarie started covering the stock with ‘”a Neutral”‘ outlook in a report released in mid December. As of December 04, 2024, BMO Capital Markets has reiterated its “an Outperform” rating for CRM. Earlier on November 19, 2024, Scotiabank initiated its rating. Their recommendation was “a Sector outperform” for CRM stock.
Analyzing CRM Stock Performance
During the last five days, there has been a drop of approximately -2.50%. Over the course of the year, Salesforce Inc shares have jumped approximately 27.05%. Shares of the company reached a 52-week high of $369.00 on 12/04/24 and a 52-week low of $212.00 on 05/30/24. A 50-day SMA is recorded $328.17, while a 200-day SMA reached $282.07. Nevertheless, trading volume fell to 3.02 million shares from 3.14 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 332.11, which, if violated, would cause prices to drop to 329.89. In the upper region, resistance lies at 336.85. The next price resistance is at 339.37. RSI (Relative Strength Index) is 45.94 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.83, which suggests the price will decrease in the coming days. Percent R is at 90.52%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
