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

Equities Staff  |

Salesforce.com Inc (CRM) traded on unusually high volume on Jul. 30, as the stock lost 4.09% to close at $138.03. On the day, Salesforce.com 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. Salesforce.com Inc has a P/B ratio of 9.27. It also has a P/E ratio of 224.9.

Salesforce.com 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, Salesforce.com Inc has 29,000 employees and is currently under the leadership of CEO Marc Benioff.

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

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To get more information on Salesforce.com Inc and to follow the company’s latest updates, you can visit the company’s profile page here: CRM’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

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



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