Salesforce.com Inc (NYSE:CRM), A reduction of 196,835 shares or 1.8% was observed in the short interest of Salesforce Com Inc The interest on June 15,2016 came in at 10,831,835 shares and as per the average daily trading of 3,102,391 shares, the days to cover are 3. The reduced interest is 1.7% of the floated shares. The data of May 31,2016 put the interest at 11,028,670 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 24th after market close.
Salesforce.com Inc (NYSE:CRM): The stock opened at $79.41 on Friday but the bulls could not build on the opening and the stock topped out at $80.51 for the day. The stock traded down to $78.33 during the day, due to lack of any buying support eventually closed down at $78.46 with a loss of -4.64% for the day. The stock had closed at $82.28 on the previous day. The total traded volume was 6,815,655 shares.
The company shares have rallied 12.09% from its 1 Year high price. On May 26, 2016, the shares registered one year high at $84.48 and the one year low was seen on Feb 8, 2016. The 50-Day Moving Average price is $80.57 and the 200 Day Moving Average price is recorded at $74.23.
Salesforce.com Inc (NYSE:CRM) has tumbled 2.53% during the past week and has dropped 6.34% in the last 4 week period. The stocks are negative as compared to the S&P 500 for the past week with a loss of 0.92%. Salesforce.com Inc (NYSE:CRM) has underperformed the index by 3.5% in the last 4 weeks. Investors should watch out for further signals and trade with caution.
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.