Salesforce.com Inc (CRM) : Salesforce.com Inc (CRM) had a healthy money flow of $2.85 million into the stock during the Fridays trading session. The value of bullish trades on upticks was $105.05 million, whereas, investors only sold shares worth $102.21 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 $4.43 million shows that the bulls were dominant, the large players used the weakness in the stock to accumulate it for the long-term. $11.32 million worth of transactions were on upticks. A paltry $6.89 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 1.64. Salesforce.com Inc (CRM) stock slid $0.81 intraday and traded at 75.1, a change of -1.07% over previous days close. However, for the week, the company shares are -6.16% compared to previous weeks close.
The company Insiders own 6.7% of Salesforce.com Inc shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -15.16% . Institutional Investors own 87.89% of Salesforce.com Inc shares. During last six month period, the net percent change held by insiders has seen a change of -1.05%.
In a related news,The officer (EVP, General Counsel) of Salesforce Com Inc, Weaver Amy E sold 5,650 shares at $76.02 on September 1, 2016. The Insider selling transaction had a total value worth of $429,513. The Insider information was disclosed with the Securities and Exchange Commission in a Form 4 filing.
Salesforce.com Inc (NYSE:CRM): stock was range-bound between the intraday low of $74.65 and the intraday high of $76.47 after having opened at $76 on Fridays session. The stock finally closed in the red at $76, a loss of -1.07%. The stock remained in the red for the whole trading day. The total traded volume was 8,152,965 shares. The stock failed to cross $76.47 in Fridays trading. The stocks closing price on Thursday was $75.91.
Salesforce.com Inc (CRM) : During the past 4 weeks, traders have been relatively bearish on Salesforce.com Inc (CRM), hence the stock is down -7.54% 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 -6.63% relative to the S&P 500. The 4-week change in the price of the stock is -7.66% and the stock has fallen -6.16% in the past 1 week.
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.