The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Salesforce Inc shares valued at $298,058 were sold by Weaver Amy E on Jan 23 ’25. At $332.28 per share, Weaver Amy E sold 897 shares. The insider’s holdings dropped to 46,750 shares worth approximately $16.55 million following the completion of this transaction.
Also, Harris Parker sold 652 shares, netting a total of over 216,648 in proceeds. Following the sale of shares at $332.28 each, the insider now holds 121,467 shares.
Before that, Tallapragada Srinivas had sold 4,447 shares from its account. In a trade valued at $1,473,069, the Pres/Chief Engineering Officer traded Salesforce Inc shares for $331.25 each. Upon closing the transaction, the insider’s holdings decreased to 4,447 shares, worth approximately $9.13 million.
As published in a research note from TD Cowen on January 17, 2025, Salesforce Inc [CRM] has been rated up from a Hold to a Buy and the price target has been revised to $400 from $380. Analysts at Guggenheim downgraded the stock from ‘”a Neutral”‘ to ‘”a Sell”‘ outlook in a report released in early January. As of December 13, 2024, KeyBanc Capital Markets has increased its “Sector weight” rating to a “an Overweight” for CRM. Earlier on December 12, 2024, Macquarie initiated its rating. Their recommendation was “a Neutral” for CRM stock.
Analyzing CRM Stock Performance
During the last five days, there has been a surge of approximately 6.43%. Over the course of the year, Salesforce Inc shares have jumped approximately 5.88%. Shares of the company reached a 52-week high of $367.09 on 01/28/25 and a 52-week low of $313.80 on 01/13/25. A 50-day SMA is recorded $337.87, while a 200-day SMA reached $284.64. Nevertheless, trading volume fell to 6.17 million shares from 12.1 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 350.27, which, if violated, would cause prices to drop to 346.55. In the upper region, resistance lies at 358.95. The next price resistance is at 363.91. RSI (Relative Strength Index) is 64.11 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 22.10, which suggests the price will increase in the coming days. Percent R is at 24.56%, indicating bullish price movement. Stochastics %K at selling indicates that the stock is to be held.
