Salesforce Stock Pulls Back Despite Record Share Repurchase
Salesforce's stock price has seen a pullback of 2.57% following a sharp wave of selling, despite the company's record $25 billion accelerated share repurchase in March 2026 and significant shareholder distributions.
The technical setup suggests bullish momentum in the short and medium term, with the stock holding above its 20-day and 50-day moving averages, but facing resistance beneath its 200-day average.
The company's quarterly results showed revenue of $11.1 billion, earnings per share of $3.88, free cash flow of $6.6 billion, and a return to shareholders of $27.5 billion for the quarter.
The increase in debt levels to support capital returns has added future flexibility tied to AI performance, with analysts noting that the next update on earnings and changes in billing models will be important for tracking ongoing demand.