Salesforce.com Inc (CRM) : The value of composite uptick trades was $17.49 million, whereas, the value of composite downtick trades was $20.63 million. The uptick to downtick ratio stood at 0.85 with a negative money flow of ($3.14) Million during Fridays trading session. The block trades money flow was negative ($4.81 million).The uptick to the downtick ratio of 0.15 in block trades signals that the large investors have utilized the rise in the stock to sell.The uptick transaction value stood at $0.82 million. The transaction of the trades on downticks amounted to $5.63 million, which confirms investors selling on the strength of price. Salesforce.com Inc (CRM) gained 71 cents at $82.41, an increase of 0.87% over the previous days close.
Salesforce.com Inc (CRM) : The most positive equity analysts on Salesforce.com Inc (CRM) expects the shares to touch $110, whereas, the least positive believes that the stock will trade at $80 in the short term. The company is covered by 29 Wall Street Brokerage Firms. The average price target for shares are $96.35 with an expected fluctuation of $5.92 from the mean.
Salesforce.com Inc (NYSE:CRM): stock turned positive on Friday. Though the stock opened at $81.99, the bulls momentum made the stock top out at $82.67 level for the day. The stock recorded a low of $81.23 and closed the trading day at $82.55, in the green by 1.04%. The total traded volume for the day was 2,578,699. The stock had closed at $81.7 in the previous days trading.
In a related news, Benioff Marc, director officer (Chairman of the Board & CEO) of Salesforce Com Inc, unloaded 12,500 shares at an average price of $82.18 on July 22, 2016. The total amount of the transaction was worth $1,027,250, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
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.