Keep an eye on rebounding shares of Salesforce.com (SYM: CRM).
After plummeting from about $270 to around $212 on poor earnings and guidance, CRM is now back to $263.19. From here, we’re looking for an initial bearish gap refill around $270. After that, we’re also looking for it to refill its gap around $280. Helping, Director Oscar Munoz paid $500,000 on June 21 for 2,051 Salesforce shares, an average price of $243.69 each.
Better, while investors wait for the CRM stock to push higher, they can collect its 40-cent dividend, payable July 25 to shareholders of record as of July 9.
