Salesforce.com Inc (CRM) Moves Lower on Volume Spike for March 05

Equities Staff  |

Salesforce.com Inc (CRM) traded on unusually high volume on Mar. 05, as the stock lost 0.97% to close at $156.97. On the day, Salesforce.com Inc saw 15.79 million shares trade hands on 124,996 trades. Considering that the stock averages only a daily volume of 5.56 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 $163.57 and $106.73 over the last 52-weeks, its 50-day SMA is now $149.55, and its 200-day SMA $143.48. Salesforce.com Inc has a P/B ratio of 8.17. It also has a P/E ratio of 175.

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

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

Still paying commissions on stock trades? Equities.com now offers 100% commission free stock trading and flat-fee options trading for $89.95/month! Get started today by https://www.equities.com/trading

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.



DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Watchlist

Symbol Last Price Change % Change
AAPL

     
AMZN

     
HD

     
JPM

     
IBM

     
BA

     
WMT

     
DIS

     
GOOG

     
XOM

     
BRK.A

     
FB

     
JNJ

     
WFC

     
T

     
NFLX

     
TSLA

     
V

     
UNH

     
PG

     

World Economic Forum at Davos 2019 - Ben Yablon Executive VP Salt Lending

Matt Bird sits down with Ben Yablon - Executive VP of Salt Lending - at the World Economic Forum in Davos January 2019