Inc (CRM) Moves Lower on Volume Spike for July 30

Equities Staff  | Inc (CRM) traded on unusually high volume on Jul. 30, as the stock lost 4.09% to close at $138.03. On the day, Inc saw 9.42 million shares trade hands on 84,274 trades. Considering that the stock averages only a daily volume of 5.04 million shares a day over the last month, this represents a pretty significant bump in volume over the norm.

Generally speaking, when a stock experiences a sudden spike in trading volume, it may be seen as a bullish signal for investors. An increase in volume means more market awareness for the company, potentially setting up a more meaningful move in stock price. The added volume also provides a level of support and stability for price advances.

The stock has traded between $149.35 and $87.26 over the last 52-weeks, its 50-day SMA is now $137.36, and its 200-day SMA $118.12. Inc has a P/B ratio of 9.27. It also has a P/E ratio of 224.9. Inc is a software-as-a-service company that provides enterprise cloud computing solutions, offering social and mobile cloud apps and platform services, as well as professional services to facilitate the adoption of its solutions.

Headquartered in San Francisco, CA, Inc has 29,000 employees and is currently under the leadership of CEO Marc Benioff.

For a complete fundamental analysis analysis of Inc, check out’s Stock Valuation Analysis report for CRM.

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All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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