Salesforce.com Inc (CRM) has been under a strong bear grip, hence the stock is down -1.96% when compared to the S&P 500 in the past 4 weeks. However, in the near-term, buying emerged at lower levels and the stock has outperformed the S&P 500 by 3.97% in the past 1 week. The stock has risen by 3.29% in the past week indicating that the buyers are active at lower levels, but the stock is down -2.16% in the past 4 weeks.
For the current week, the company shares have a recommendation consensus of Buy. The stock has recorded a twenty day Moving Average of 0.53% and the fifty day Moving Average is 0.27%. salesforce.com, inc. has dropped 4.46% during the last three month period . Year-to-Date the stock performance stands at 2.08%.
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 28 Wall Street Brokerage Firms. The average price target for shares are $96.93 with an expected fluctuation of $6.54 from the mean.
Salesforce.com Inc (NYSE:CRM): On Fridays trading session , Opening price of the stock was $80.39 with an intraday high of $80.7. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $79.46. However, the stock managed to close at $80.03, a loss of 0.16% for the day. On the previous day, the stock had closed at $80.16. The total traded volume of the day was 4,271,485 shares.
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.