Salesforce.com Inc (CRM) : Traders are negative on Salesforce.com Inc (CRM), as it has 1.9% of short positions outstanding compared to its float. The total shorts have reduced by -807,171 shares, which is a -6.4% reduction. From Jul 29, 2016, to August 15, 2016, the shorts came down from,12,692,549 to 11,885,378 shares. While the daily trading volume of the stock is 3,913,803, there are 3 days remaining to cover the open short positions. The short interest indicates that the traders dont see a large downside in the stock from the current levels. The short interest information was released on Wednesday Aug 24th after the market close.
Salesforce.com Inc (NYSE:CRM): The stock opened at $78.00 on Wednesday but the bulls could not build on the opening and the stock topped out at $78.69 for the day. The stock traded down to $77.58 during the day, due to lack of any buying support eventually closed down at $77.82 with a loss of -0.26% for the day. The stock had closed at $78.02 on the previous day. The total traded volume was 3,659,972 shares.
In a related news,The director officer (Chairman of the Board & CEO) of Salesforce Com Inc, Benioff Marc sold 12,500 shares at $76.81 on August 18, 2016. The Insider selling transaction had a total value worth of $960,125. 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.