Salesforce Inc’s recently made public that its President and CFO Weaver Amy E unloaded Company’s shares for reported $2.11 million on Jan 02 ’25. In the deal valued at $338.92 per share,6,221 shares were sold. As a result of this transaction, Weaver Amy E now holds 45,861 shares worth roughly $14.63 million.
Then, AMY WEAVER bought 6,221 shares, generating $2,108,421 in total proceeds.
Before that, SCHMAIER R DAVID sold 1,785 shares. Salesforce Inc shares valued at $614,040 were divested by the Pres. & Chief Product Officer at a price of $344.00 per share. As a result of the transaction, SCHMAIER R DAVID now holds 19,116 shares, worth roughly $6.1 million.
Guggenheim downgraded its Salesforce Inc [CRM] rating to a Sell from a a Neutral in a research note published recently. A number of analysts have revised their coverage, including KeyBanc Capital Markets’s analysts, who increased its forecast for the stock in mid December from “a Sector weight” to “an Overweight”. Macquarie began covering CRM with “Neutral” recommendation on December 12, 2024. BMO Capital Markets maintained its rating on December 04, 2024. It rated CRM as “an Outperform”.
Price Performance Review of CRM
On Monday, Salesforce Inc [NYSE:CRM] saw its stock jump 0.38% to $319.07. Over the last five days, the stock has lost -4.15%. Salesforce Inc shares have fallen nearly -4.56% since the year began. Nevertheless, the stocks have risen 20.80% over the past one year. While a 52-week high of $369.00 was reached on 01/02/25, a 52-week low of $212.00 was recorded on 01/13/25. SMA at 50 days reached $333.15, while 200 days put it at $282.81.
Levels Of Support And Resistance For CRM Stock
The 24-hour chart illustrates a support level at 315.06, which if violated will result in even more drops to 311.06. On the upside, there is a resistance level at 321.81. A further resistance level may holdings at 324.56. The Relative Strength Index (RSI) on the 14-day chart is 36.92, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -11.87, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 83.86%. Stochastics %K at 11.56% indicates the stock is a buying.
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 19, 2024 when Scotiabank began covering the stock and recommended ‘”a Sector outperform”‘ rating along with a $425 price target.
