Salesforce.com Inc (CRM) : Salesforce.com Inc (CRM) had a healthy money flow of $5.96 million into the stock during the Mondays trading session. The value of bullish trades on upticks was $190.92 million, whereas, investors only sold shares worth $184.96 million on downticks. The stock closed the day with an up-down ratio of 1.03.The money flow in the block trades to the tune of $13.36 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $43.4 million worth of transactions were on upticks. A paltry $30.04 million worth of block trade transactions on downticks shows that the investors are reluctant to sell the stock down. The total up-down ratio of the upticks vs the downticks in block trades was 1.44. Salesforce.com Inc (CRM) stock slid $2.71 intraday and traded at 78.92, a change of -3.32% over previous days close. However, for the week, the company shares are -2.96% compared to previous weeks close.
salesforce.com, inc. has lost 2.77% in the last five trading days and dropped 3.05% in the last 4 weeks. salesforce.com, inc. is up 2.08% in the last 3-month period. Year-to-Date the stock performance stands at 0.66%.
Salesforce.com Inc (NYSE:CRM): The stock opened at $79.35 on Monday but the bulls could not build on the opening and the stock topped out at $79.75 for the day. The stock traded down to $78.21 during the day, due to lack of any buying support eventually closed down at $78.92 with a loss of -3.32% for the day. The stock had closed at $81.63 on the previous day. The total traded volume was 10,886,092 shares.
In a related news,The director officer (Pres., Vice Chairman and COO) of Salesforce Com Inc, Block Keith sold 10,000 shares at $81 on August 11, 2016. The Insider selling transaction had a total value worth of $810,000. 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.