Salesforce.com Inc (CRM) : The total money flow in Salesforce.com Inc (CRM) was negative ($59.54 million), which signals selling by the traders on Wednesdays session. They trimmed their holdings by selling the stock on downticks to the tune of $113.3 million. In comparison, the inflow of money into the stock on upticks was $53.76 million. The uptick to downtick ratio was 0.47. Similarly, the block trades show selling by large traders on strength. The value of stocks sold down on downtick was $74.65 million. The value of transactions on uptick was $18.02 million. The negative money flow of ($56.63 million) confirms the selling in Salesforce.com Inc (CRM) on strength. The uptick to downtick ratio of block trades was 0.24. Salesforce.com Inc (CRM) gained $0.77 at $82.14, a gain of 0.95% over the previous days close. However, the stock registered 0.91% in the week.
Also, Cowen & Company initiates coverage on Salesforce.com Inc (NYSE:CRM) The brokerage firm has issued a Outperform rating on the shares. The rating by the firm was issued on June 24, 2016.
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 $82.05 and $81.42 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $82.73. The buying momentum continued till the end and the stock did not give up its gains. It closed at $82.14, notching a gain of 0.95% for the day. The total traded volume was 4,267,808 . The stock had closed at $81.37 on the previous day.
The stock has recorded a 20-day Moving Average of 2.51% and the 50-Day Moving Average is 2.03%. In a related news, Conway Craig, director of Salesforce Com Inc, unloaded 400 shares at an average price of $81.86 on July 15, 2016. The total amount of the transaction was worth $32,744, 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.