Salesforce.com Inc (NYSE:CRM) : The total money flow in Salesforce.com Inc (NYSE:CRM) was negative ($23.05 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $85.86 million. In comparison, the inflow of money into the stock on upticks was $62.8 million. The uptick to downtick ratio was 0.73. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $27.18 million. The value of transactions on uptick was $3.87 million. The negative money flow of ($23.32 million) confirms the selling in Salesforce.com Inc (NYSE:CRM) on strength. The uptick to downtick ratio of block trades was 0.14. Salesforce.com Inc (NYSE:CRM) gained $1.45 at $79, a gain of 1.87% over the previous days close. However, the stock registered 0.69% in the week.
In an insider trading activity,The director officer (Pres., Vice Chairman and COO) of Salesforce Com Inc, Block Keith sold 10,000 shares at $81.11 on June 23, 2016. The Insider selling transaction had a total value worth of $811,100. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing. Currently the company Insiders own 6.7% of Salesforce.com Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -0.7% . Institutional Investors own 87.59% of Salesforce.com Inc shares. During last six month period, the net percent change held by insiders has seen a change of -3.58%.
The company shares have rallied 9.94% from its 1 Year high price. On May 26, 2016, the shares registered one year high at $84.48 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $80.70 and the 200 Day Moving Average price is recorded at $74.12. Salesforce.com Inc (NYSE:CRM): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $78.25 and $77.90 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $79.65. The buying momentum continued till the end and the stock did not give up its gains. It closed at $79.00, notching a gain of 1.87% for the day. The total traded volume was 5,493,585 . The stock had closed at $77.55 on the previous day.
salesforce.com, inc. is a provider of enterprise cloud computing solutions that include apps and platform services, as well as professional services. The Company focuses on customer relationship management (CRM). The Company offers six core cloud services that include sales force automation, customer service and support, marketing automation, community management, analytics and a cloud platform for building custom applications. The Company offers consulting, deployment, training, implementation and integration services to its customers to facilitate the adoption of its cloud solutions. The Company delivers its solutions as a service through all the Internet browsers and on mobile devices, on a subscription basis, primarily through its direct sales efforts and indirectly through partners.