
Salesforce.com (NYSE:CRM) could fall to $66
Salesforce.com (NYSE:CRM) closed $0.90 lower on Friday at $81.83 or 1.09% lower on the day. SEC filing reports suggested that there was some insider activity as Dayon Alexandre, President and Chief product officer at Salesforce.com sold 2,166 shares on Friday, June 10th at an average price of $82.00.
Currently, the stock stands at $81.83, which is -1.09% from its open. How did it get here?
Year to date, Salesforce.com’s stock has performed at 4.38%. Breaking that down further, it has performed -1.21% for the week ending June 10th, 2016, 10.44% for the month of May, -5.83% over the last quarter (Q1, 2016).
RETURNS AND RECOMMENDATION
While looking at past performance of a particular stock is important when speculating on its future, we must take other indicators into consideration a