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Should You Buy Salesforce Inc (CRM) Stock After it Is Higher By 4.86% in a Week?

Tuesday, November 29, 2022 03:37 PM | InvestorsObserver Analysts

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Should You Buy Salesforce Inc (CRM) Stock After it Is Higher By 4.86% in a Week?

Overall market sentiment has been high on Salesforce Inc (CRM) stock lately. CRM receives a Bullish rating from InvestorsObserver Stock Sentiment Indicator.

Sentiment Score - ,bullish
Salesforce Inc has a Bullish sentiment reading. Find out what this means for you and get the rest of the rankings on CRM!

What is Stock Sentiment?

Sentiment is a very short-term indicator that is entirely technical. There is no information about the health of profitability of the underlying company in our sentiment score. As a technical indicator, news about the stock, or company, such as an earnings release or other event, could move the stock counter to the recent trend. Sentiment is how investors, or the market, feels about a stock. There are lots of ways to measure sentiment. At the core, sentiment is pretty easy to understand. If a stock is going up, investors must be bullish, while if it is going down, sentiment is bearish. InvestorsObserver’s Sentiment Indicator looks at price trends over the past week and also considers changes in volume. Increasing volume can mean a trend is getting stronger, while decreasing volume can mean a trend is nearing a conclusion. For stocks that have options, our system also considers the balance between calls, which are often bets that the price will go up, and puts, which are frequently bets that the price will fall.

What's Happening With CRM Stock Today?

Salesforce Inc (CRM) stock is trading at $151.89 as of 3:35 PM on Tuesday, Nov 29, a drop of -$1.88, or -1.22% from the previous closing price of $153.77. The stock has traded between $151.26 and $154.02 so far today. Volume today is below average. So far 4,733,353 shares have traded compared to average volume of 7,263,673 shares.

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.

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