Salesforce.com Inc (CRM) has risen sharply, recording gains of 0.54% in the past 4 weeks. However, the stock has corrected -0.57% in the past 1 week, providing a good buying opportunity on dips. Salesforce.com Inc (CRM) : During the past 4 weeks, traders have been relatively bearish on Salesforce.com Inc (CRM), hence the stock is down -1.9% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -1% relative to the S&P 500.
Salesforce.com Inc (NYSE:CRM): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $80.87 and $80.66 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $81.33. The buying momentum continued till the end and the stock did not give up its gains. It closed at $81.33, notching a gain of 0.96% for the day. The total traded volume was 3,033,522 . The stock had closed at $80.56 on the previous day.
The stock has recorded a 20-day Moving Average of 0.22% and the 50-Day Moving Average is 0%. salesforce.com, inc. is up 9.54% in the last 3-month period. Year-to-Date the stock performance stands at 3.74%.
Salesforce.com Inc (CRM) has been rated by 30 research analysts. Fundamentally, the highest shorterm price forecast for the stock is expected to reach $110 and the lowest price target forecast is $80. The average forecast of all the analysts is $96.8 and the expected standard deviation is $6.33.
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.