Salesforce.com Inc (CRM) : Tuesdays money flow points at investors jumping to buy the stock on the weakness of price. $75.69 million worth of transactions were on upticks, whereas, the downticks accounted for $36.13 million worth of transactions. The net money flow was a positive $39.56 million and the uptick to downtick ratio was 2.09. However, the block trades showed a clear dominance of the bulls with a very healthy ratio of 31132.97 in their favor. The net money flow into the stock was $41.5 million. The lack of interest in trading on downticks shows that the investors dont want to sell their holdings. The upticks accounted for $41.5 million of the total block trades, indicating continued buying interest on weakness, which bodes well for the future of the stock. Salesforce.com Inc (CRM) was trading at $79.83, down $0.09 during day. The stock slid -0.11% over the previous days close. For the week, the stock recorded -0.25% over the previous weeks close.
Also, Equity Analysts at the OTR Global downgrades the rating on Salesforce.com Inc (NYSE:CRM). The brokerage firm has issued a Mixed rating on the shares. The shares were previously rated Positive. The rating by the firm was issued on August 15, 2016.
Shares of salesforce.com, inc. appreciated by 2.32% during the last five trading days but lost 1.47% on a 4-week basis. salesforce.com, inc. has dropped 4.34% during the last 3-month period . Year-to-Date the stock performance stands at 1.82%.
Salesforce.com Inc (NYSE:CRM): The stock opened at $80.00 on Tuesday but the bulls could not build on the opening and the stock topped out at $80.22 for the day. The stock traded down to $79.35 during the day, due to lack of any buying support eventually closed down at $79.83 with a loss of -0.11% for the day. The stock had closed at $79.92 on the previous day. The total traded volume was 3,352,672 shares.
In a related news,The director officer (Chairman of the Board & CEO) of Salesforce Com Inc, Benioff Marc sold 12,500 shares at $76.81 on August 18, 2016. The Insider selling transaction had a total value worth of $960,125. The Insider information was disclosed 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.