Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. Salesforce Inc shares valued at $2,108,421 were sold by Weaver Amy E on Jan 02 ’25. At $338.92 per share, Weaver Amy E sold 6,221 shares. The insider’s holdings dropped to 45,861 shares worth approximately $14.99 million following the completion of this transaction.
Also, AMY WEAVER purchased 6,221 shares, netting a total of over 2,108,421 in proceeds.
Before that, SCHMAIER R DAVID had sold 1,785 shares from its account. In a trade valued at $614,040, the Pres. & Chief Product Officer traded Salesforce Inc shares for $344.00 each. Upon closing the transaction, the insider’s holdings decreased to 1,785 shares, worth approximately $6.25 million.
As published in a research note from Guggenheim on January 06, 2025, Salesforce Inc [CRM] has been rated down from a Neutral to a Sell and the price target has been revised to $247. Analysts at KeyBanc Capital Markets upgraded the stock from ‘”a Sector weight”‘ to ‘”an Overweight”‘ outlook in a report released in mid December. As of December 12, 2024, Macquarie has initiated its “Neutral” rating for CRM. Earlier on December 04, 2024, BMO Capital Markets resumed its rating. Their recommendation was “an Outperform” for CRM stock.
Analyzing CRM Stock Performance
During the last five days, there has been a drop of approximately -2.22%. Over the course of the year, Salesforce Inc shares have dropped approximately -2.22%. Shares of the company reached a 52-week high of $338.92 on 01/02/25 and a 52-week low of $322.91 on 01/07/25. A 50-day SMA is recorded $332.27, while a 200-day SMA reached $282.68. Nevertheless, trading volume fell to 3.79 million shares from 4.64 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 323.74, which, if violated, would cause prices to drop to 320.58. In the upper region, resistance lies at 329.43. The next price resistance is at 331.96. RSI (Relative Strength Index) is 41.57 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -8.30, which suggests the price will decrease in the coming days. Percent R is at 87.48%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
