Salesforce Shares Rise on Insider Buying
Salesforce shares have increased by about 1.5% following significant insider buying activity.
Director David Kirk purchased 4,176 shares of Salesforce for approximately $999,000, sparking investor interest.
The stock is currently trading below its 20-day moving average at $245.79 and faces mixed technical signals.
Salesforce also declared a quarterly dividend of $0.44 per share, yielding $1.76 annualized with a payout ratio of 16.04%.