Is Salesforce Inc (CRM) a Stock to Watch After Losing -13.09% This Week?

Salesforce Inc (CRM) stock is down 13.09% over the past week and gets a Bearish rating from InvestorsObserver Sentiment Indicator.

Salesforce Inc has a Bearish sentiment reading. Find out what this means for you and get the rest of the rankings on CRM!

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What is Stock Sentiment?

When making investment decisions, sentiment gives a good overview of what stocks investors currently favor. Sentiment incorporates short-term technical analysis into its score and does not encompass any fundamental analysis such as profitability of the company. This means that earnings updates and other news can greatly impact overall sentiment. Recent trends are a good indicator of current market sentiments. In its most basic form, stocks that are trending up are desirable by investors while stocks currently falling must be unattractive. InvestorsObserver's Sentimental Indicator tracks both changes in price and volume to analyze the most recent trends. Typically an increase in volume indicates ongoing trends are getting stronger, while a decrease in volume usually signals an end to the current trend. Available options can also represent current sentiments for a given stock. Since investors are able to bet on future trends of stocks using options, we consider the ratio of calls to puts when analyzing market sentiments .

What's Happening With CRM Stock Today?

Salesforce Inc (CRM) stock is down -2.08% while the S&P 500 has risen 0.18% as of 9:39 AM on Thursday, Dec 8. CRM is down -$2.72 from the previous closing price of $130.48 on volume of 129,906 shares. Over the past year the S&P 500 is down -15.91% while CRM is down -52.15%. CRM earned $0.28 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 462.54. To screen for more stocks like Salesforce Inc click here.

More About Salesforce Inc

Salesforce Inc provides enterprise cloud computing solutions. The company offers customer relationship management technology that brings companies and customers together. Its Customer 360 platform helps the group to deliver a single source of truth, connecting customer data across systems, apps, and devices to help companies sell, service, market, and conduct commerce. It also offers Service Cloud for customer support, Marketing Cloud for digital marketing campaigns, Commerce Cloud as an e-commerce engine, the Salesforce Platform, which allows enterprises to build applications, and other solutions, such as MuleSoft for data integration. Click Here to get the full Stock Report for Salesforce Inc stock.