Investors can expect a company’s stock to rise or fall based on the buying and selling of stock by its insiders. Salesforce Inc shares valued at $167,970 were sold by Reddy Sundeep G. on Feb 03 ’25. At $335.94 per share, Reddy Sundeep G. sold 500 shares. The insider’s holdings dropped to 6,557 shares worth approximately $2.28 million following the completion of this transaction.
Also, Weaver Amy E sold 6,221 shares, netting a total of over 2,089,883 in proceeds. Following the sale of shares at $335.94 each, the insider now holds 46,750 shares.
Before that, SUNDEEP REDDY had added 500 shares to its account. In a trade valued at $167,970, the Officer bought Salesforce Inc shares for $335.94 each.
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 drop of approximately -1.71%. Over the course of the year, Salesforce Inc shares have jumped approximately 4.07%. 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 $339.64, while a 200-day SMA reached $286.25. Nevertheless, trading volume fell to 4.47 million shares from 4.97 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 341.85, which, if violated, would cause prices to drop to 335.78. In the upper region, resistance lies at 351.02. The next price resistance is at 354.12. RSI (Relative Strength Index) is 57.80 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at 4.47, which suggests the price will increase in the coming days. Percent R is at 40.30%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
