Salesforce Stock Dips Despite Record Share Buyback
Salesforce's stock price took a hit recently, sliding by 2.57% following a sharp wave of selling.
The company had just completed a record $25 billion accelerated share repurchase in March 2026 and returned a total of $27.5 billion to shareholders for the quarter.
This comes as Salesforce reported quarterly revenue of $11.1 billion, earnings per share of $3.88, and free cash flow of $6.6 billion.
The company increased debt levels to support these capital return efforts, with future flexibility tied to its AI initiatives' performance.
Salesforce's stock is trading above its 20-day and 50-day moving averages but remains below the 200-day average, indicating bullish momentum in the short and medium term but persistent longer-term resistance overhead.