Inc (CRM) Moves Lower on Volume Spike for March 04

Equities Staff  | Inc (CRM) traded on unusually high volume on Mar. 04, as the stock lost 3.67% to close at $158.50. On the day, Inc saw 16.48 million shares trade hands on 148,258 trades. Considering that the stock averages only a daily volume of 5.14 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 $166.15 and $111.34 over the last 52-weeks, its 50-day SMA is now $149.00, and its 200-day SMA $143.34. Inc has a P/B ratio of 8.25. It also has a P/E ratio of 175., Inc. is a software-as-as-service vendor that primarily develops customer relationship management, or CRM, products. The firm has a variety of cloud-based tools targeting horizontal markets such as Sales Cloud, to monitor sales leads, Service Cloud, for customer support, Marketing Cloud, to launch digital marketing campaigns, Commerce Cloud, a multitenant e-commerce tool, Quip, its collaboration tools, and the Salesforce Platform, which allows enterprises to build applications. Beyond this, Salesforce has various initiatives such as Trailhead, Einstein AI, Lightning, Internet of Things, Heroku, Analytics, AppExchange, and MuleSoft. The firm reports in two segments: subscription revenue and service revenue. Salesforce is the largest pure-play SaaS vendor in the world.

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

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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